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Strong appetite from international banks for first gigascale 24/7 solar plant
ECA-backed deal comes after AFC raises $2bn to fund infrastructure development
Deal was three times oversubscribed
International Finance Corp’s drive to introduce development finance to the CLO market is advancing. Its second deal of $509m had more investors, more tranches and better pricing, supporting its rapid growth
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Turkish state-owned agricultural bank Ziraat Bankasi completed a loan of over $1bn on Tuesday, increasing the deal size from last year following high demand.
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Chevron Nigeria and Maurel & Prom, a French company with African oil assets, are both talking with banks about loans despite recent oil market pressure.
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Ooredoo — Bulgaria — Land Securities — Nidera — AS Adventure
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Gianfranco Bisagni has joined the corporate and investment banking division of UniCredit as deputy head, as the bank splits divisional responsibilities in two.
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Kenyan loans are in focus this week for the African market, with three government owned companies looking to arrange deals.
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The deadline for proposal submissions on Ghana National Cocoa Board’s annual loan closed on Tuesday, with banks forming teams to compete for the deal.