Bank of Industry seals landmark $1 billion syndicated term loan

December 28, 2020 Nairametrics 0 Comments

The Bank of Industry has announced the successful conclusion of a landmark $1 billion loan syndication transaction, in a bid to improve its capacity to support MSMEs.

This is according to a verified post on the website of the Bank of Industry, seen by Nairametrics.

Nairametrics gathered that the transaction is the third major international debt syndication deal successfully concluded by BOI within the last 3 years. Prior to this deal, the bank had earlier in 2018 raised the sum of $750 million with the support of the African Export-Import Bank “Afreximbank”, this loan has been fully repaid.

In addition, in March 2020, the bank pulled off another €1 billion loan deal (Lead Arranged by Afreximbank, Credit Suisse, Rand Merchant Bank and Sumitomo Mitsui Banking Corporation Europe Limited (SMBC)). Read More.

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