Africa Loans
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Stanbic Bank Uganda, a unit of South Africa’s Standard Bank, has signed an $85m debut loan with banks. -
Nigerian telecom towers group IHS continues to progress well with an $800m loan and should sign it within the week, bankers say. But there is mounting concern about the prospects for Nigerian financial institution and oil-related loans after fears rose of a default by Afren.
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Stanbic Uganda will hold a signing ceremony this week for its debut syndicated term loan facility, which bankers involved say has been oversubscribed.
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Investec Bank is looking to sign a three year loan with international lenders.
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Four Seasons Health Care — Gazprom — Angola — Addnode Group
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South Africa’s Investec Bank is looking to sign a three year loan with international lenders.
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Angola has agreed two loans worth $250m each with Goldman Sachs and Gemcorp Capital as it looks to weather the financial strain caused by recently plummeting oil prices.
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A bank meeting this week in London for Nigerian telecom towers group IHS Holding was well attended, according to bankers on the deal, with as many as 30 institutions taking part.
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A bank meeting this week in London for Nigerian telecom towers group IHS Holding was well attended, according to bankers on the deal, with as many as 30 institutions taking part.
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Stanbic Uganda has progressed with plans for a debut loan and looks set to sign the deal by the end of this month.
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IHS Holding, the Nigerian telecoms tower business, will hold a bank meeting in London on Tuesday next week for an $800m or equivalent loan facility, confirming GlobalCapital's report earlier this week.
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Hashi Energy, a Kenyan oil products distributor, has approached banks as it looks to raise a $140m loan.
