Sweet deal for Nigeria’s Golden Sugar

Nigerian sugar producer Golden Sugar Co has signed a $143.3m five year loan to fund the construction of a sugar refinery in Lagos.

  • 28 Jan 2011
Mandated lead arrangers Stanbic IBTC and Standard Bank arranged the multi-currency loan. First Bank of Nigeria and Standard Bank’s Mauritian subsidiary joined them on the deal. The loan includes a $13.3m commercial agricultural credit scheme facility to finance a sugar farm and a foreign exchange risk facility from ...

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