Nigeria set for loans rush but macro concerns mount

By Dan Alderson
23 Oct 2014

Nigeria is set for a busy run of syndicated loans, with bankers saying there could be at least six deals before the end of the year and that two of those – for IHS and Helios Towers – could be up to $1bn each. But while loans officials are optimistic about African lending and Nigeria in particular, analysts suggested there could be a rush to beat the storm clouds gathering over the country’s economy in 2015.

Telecom companies IHS and Helios are said to be speaking to banks about big deals to finance their acquisitions of towers in the country. Meanwhile, other Nigerian loans borrowers on the way are expected to include at least one oil company and three financial ...

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