Azura powers up with debt and equity deal

By Michael Turner
08 May 2014

Azura Power Holdings has signed $1bn of debt and equity investment to build a flagship 450MW independent power project in Nigeria.

The debt portion of the financing consists of a $530m loan from a consortium of local and international banks.

It was led by global mandated lead arranger Standard Chartered. International Finance Corp, Dutch development bank FMO, Rand Merchant Bank and Nigeria's First City Monument Bank were mandated lead ...

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