Africa Loans
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South Africa's Steinhoff has agreed to buy UK discount retailer Poundland in a £597m deal, with Crédit Agricole one of two banks underwriting the loan financing. The French bank also benefited from Steinhoff’s thwarted bid for Darty earlier this year, when it co-underwrote a facility for rival bidder Fnac. -
Democratic Republic of Congo firm, Helios Towers DRC, has received a $105m loan to buy 950 telecommunications towers and for capex needs.
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South African state-owned electricity firm Eskom has signed $1.34bn of loans, arranged by African Development Bank. The financing includes what four bankers said was the largest ever ‘B’ loan tranche.
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The former head of loan syndication at African Development Bank has left for a role at a developmental financial institution in Cairo.
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Kenya Power and Lighting Company signed its $500m loan refinancing last week after extending the deal time to bring in more lenders.
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PTA Bank, the African development finance institution, has signed a $340m three year loan largely from Chinese lenders.
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South African investment firm Brait has signed new four year debt facilities as it seeks further potential acquisitions.
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Ghana Cocoa Board (Cocobod) has completed senior syndication of its $1.8bn trade finance loan and will pay a few basis points more than last year’s deal to reflect harsher market conditions.
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Johannesburg-listed drug manufacturer Aspen Pharmacare completed arranging €3bn-equivalent of loans on Wednesday. The multicurrency deal was more than twice oversubscribed in the euro tranche.
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Eskom, the South African state-owned electricity firm, is arranging a syndicated loan with a guarantee from African Development Bank (AfDB), and the deal could be as large as $1bn, said one banker this week.
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Aspen Pharmacare Holdings, the largest drug manufacturer in South Africa, has nearly completed syndication of a large dollar loan, according to bankers.
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Ghana Cocoa Board (Cocobod) will complete senior syndication of its $1.8bn annual loan and launch the general phase next week, according to a lead banker.
