Africa Loans

IHS Towers, the African mobile telecommunications infrastructure firm, has launched an $800m loan into the market. The deal, which has been in discussion for some time, comes as a number of African borrowers look to complete signings in the next week.

South Africa’s Standard Bank has signed a $700m three year term loan, while Nigeria headquartered Africa Finance Corporation looks set to close general syndication of its $300m deal by Friday.

IHS Towers, the African mobile telecommunications infrastructure firm, has launched an $800m loan into the market. The deal, which has been in discussion for some time, comes as a number of African borrowers look to complete signings in the next week.

While some parts of the loan and bond markets show signs of settling themselves for the end of year slowdown, African and leveraged loans business is instead picking up the pace with a number of deals closing and in the works.

Two loans to African financials look imminent, said bankers on Thursday, with both Africa Finance Corporation in Nigeria and South Africa’s Standard Bank set to sign by next week.

The CEEMEA and Latin America bond markets have made a slow start to December with no international bonds from either region yet printed. Instead all hopes rest on an African sovereign still on the road.

African loans are set for a busy run to the end of the year, say bankers, with a number of deals likely to come in December, while others will spill over into the first quarter of 2015.

Bahraini Islamic lender Ibdar Bank has completed a $100m financing deal with Ethiopian Airlines to acquire four new aircraft, which marks the first Sharia compliant transaction in Africa’s aviation industry.

African loan bankers have picked up the pace as the window to complete deals before the end of the year starts to close. Among others, Liquid Telecom has come to market, while South Africa’s Standard Bank is looking for its second deal of recent months.

African loan bankers are picking up the pace as the window to get deals done before the end of the year starts to close. Among others, Liquid Telecom is in the market, while Standard Bank in South Africa is looking to come again with its second deal of recent months.

Lagos-based Zenith Bank launched an international syndicated loan on Thursday, extending a wave of loans for Nigerian borrowers.

Votes are rolling in to decide this year’s winners of the GlobalCapital Syndicated Loans and Leveraged Finance Awards. There is still time to complete the poll, but the deadline is fast approaching.