Nyiombo plants seed for new loan

14 Feb 2013

Zambian fertiliser firm Nyiombo has approached the market for a $150m one year trade finance loan.

The firm has hired Standard Chartered to arrange and underwrite the deal. The loan will be launched into syndication soon, said a senior loans banker.

While the deal has a one year tenor, the actual life of the loan is closer to nine months because it will be used ...

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