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Africa

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  • Shoreline Natural Resources, a joint venture between the UK’s Heritage Oil and Nigeria’s Shoreline Power Co, has refinanced a bridge facility with a $500m syndicated loan.
  • SSA
    Syndicate bankers' eyes are turning to Africa where four sovereigns are lining up deals. Nigeria is primed for launch, Ghana is expected in July and Kenya and Senegal have set sizes on their prospective sovereign bonds, bankers said.
  • Nigeria, Africa’s most populated country, is set to launch its first ever sukuk.
  • The Islamic Development Bank (IsDB) has signed a $300m Shariah-compliant financing for Egypt.
  • SSA
    Nigeria met investors in Europe this week ahead of a potential bond deal and will visit US buyers from Monday. Its solid fiscal position and low debt ratios should ensure a second successful deal for the sovereign, said analysts.
  • SSA
    Nigeria has named banks for a series of investor meetings in the US and Europe ahead of a potential bond deal. Its solid fiscal position and low debt ratios should ensure a second successful deal for the sovereign, said analysts.