Africa Loans
-
Sonangol, the Angolan state oil company, is near to closing a $1.5bn loan. -
A decision in Nigeria to postpone the country’s general elections for six weeks due to the army’s increased fighting with Boko Haram has added to reasons not to bring bond or loan deals to market, with some bankers calling it a six week setback in the pipeline. But Nigerian telecom towers group IHS could still close its $800m loan this week, said bankers involved in the deal.
-
South Africa’s Investec Bank closed a $400m three year loan last Friday, after increasing the size of the deal from an initial $300m on oversubscription.
-
Despite the strong success of several emerging market issuers — Halkbank, National Bank of Abu Dhabi, and Eustream — with bonds last week, other borrowers have refrained from issuing so far this week, leaving the focus on liability management, mandates and roadshows.
-
South Africa’s Investec Bank has disclosed the pricing terms and banking book for the $400m loan it closed on Friday.
-
South Africa’s Investec Bank closed a $400m three year loan on Friday, after increasing the size of the deal from an initial $300m on oversubscription.
-
As one wave of African loan signings approaches its end, bankers are already speaking of another being on the way by the end of February.
-
Investec Bank is set to close a three year loan tomorrow (Wednesday) that will be bigger than its original $300m size.
-
Bankers have disclosed the allocations for a recently closed loan for Liquid Telecom, the Mauritius-headquartered fixed line provider.
-
Afren, the Africa-focused oil exploration company listed on the London Stock Exchange, has avoided default on a $300m loan after obtaining a deferral from banks on the $50m amortisation payment that was due on Saturday January 31 for its Ebok debt facility.
-
-
Stanbic Bank Uganda, a unit of South Africa’s Standard Bank, has signed an $85m debut loan with banks.
