Skye Bank joins the queue as latest Nigerian FI looking for loan

Skye Bank has become the latest Nigerian financial institution to approach the loan market as banks in the country look to raise funds in anticipation of large dollar requirements from Nigeria’s companies.

  • 20 May 2013

Skye has asked lenders for a $100m one year facility priced at a margin of around 450bp. No banks have yet been mandated to arrange the loan.

The bank joins fellow Nigerian financial institutions First Bank of Nigeria, First City Monument Bank and Fidelity in trying to raise loans ...

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