Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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The familiar problem of inter-creditor opacity has also reappeared
Company in 'no doubt' a public trade would have delivered better pricing
As with other private placements from Africa, observers have questioned the merits of the format
Benin reaped the rewards of its sukuk debut last week, and will do so for years to come
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First City Monument Bank (FCMB) has signed a $77m one year loan, the first international syndicated loan this year for a borrower in Nigeria, which has been struggling with a low oil price and political instability.
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South African media group Naspers has amended and extended a $2.25bn five year loan and increased it to $2.5bn. -
First City Monument Bank (FCMB) has signed its $77m loan, the first international syndicated loan this year for a borrower in Nigeria, which has been struggling with a low oil price and political instability.
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Standard Bank’s head of research for Africa has left the bank.
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As Ecobank syndicates one of the first Nigerian loans of the year, new lenders are joining the syndicate from Africa and, more surprisingly, the Middle East.
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South African media group Naspers has finished amending and extending a $2.25bn five year loan and has added another $250m to the deal size, taking it to $2.5bn.
