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Afreximbank Underwrites U.S..5-Billion in a U.S.-Billion Syndicated Term Loan for Dangote Petroleum Refinery and Petrochemicals Fze

Afreximbank Underwrites U.S.$2.5-Billion in a U.S.$4-Billion Syndicated Term Loan for Dangote Petroleum Refinery and Petrochemicals Fze

eriinfo.com2 days ago06 mins

African Export-Import Bank (Afreximbank) is pleased to announce that it has underwritten US$2.5 billion in the US$4-billion senior syndicated term loan in favour of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP). Afreximbank and Access Bank were appointed co-Mandated Lead Arrangers for the five-year facility to consolidate existing financing, optimise its capital structure and align with…

Africa

Afreximbank Concludes New U.S.$2-Billion Three-Year Dual Tranche Syndicated Term Loan Facility, Heralding Increased Investor Confidence in the Bank

eriinfo.com4 days ago02 mins

African Export-Import Bank (Afreximbank) has successfully concluded a new three-year Dual Tranche Syndicated Term Loan Facility totaling US$2 billion equivalent (raising US$1.73 billion and €228 million in US$ Facility A and EUR Facility B respectively). Proceeds from the facility, concluded on 9 March 2026, will be used by Afreximbank to refinance existing facilities and for…

EU leaders to loan €90bn to Ukraine

eriinfo.com3 months ago09 mins

Paul Kirby,Europe digital editorand Chris Graham Reuters Danish Prime Minister Mette Frederiksen (left), European Council President Antonio Costa and European Commission President Ursula von der Leyen announce the deal at the summit in Brussels European Union leaders have struck a late-night deal to lend Ukraine €90bn (£79bn; $105bn) over the next two years, after failing…

Education Department announces deal to end Biden’s SAVE student loan plan

eriinfo.com4 months ago03 mins

The Trump administration announced a deal Tuesday to officially end a major student loan repayment program implemented under President Joe Biden. The Education Department said in a news release that it reached a proposed joint settlement agreement with Missouri to bring an end to Biden’s “Saving on a Valuable Education” plan. Several Republican-led states had…

Africa

Africa: Helium Credit Is Financing Africa’s Private Clinics, One Loan At a Time

eriinfo.com6 months ago012 mins

Across Nigeria, many privately-owned healthcare facilities face funding bottleneck. Pharmacies watch their shelves empty as they struggle to restock essential drugs. Laboratories, unable to afford new equipment needed for diagnoses, and clinics are forced to turn patients away, as they face financial constraints that limit the services they can provide. For banks, credit unions, and…

Asia-Pacific markets set to open mixed ahead of China’s loan prime rate decision

eriinfo.com6 months ago03 mins

TOKYO, JAPAN – JULY 27: Pedestrians and shoppers walk through the Akihabara area on July 27, 2023 in Tokyo, Japan. Japan’s core consumer price index climbed by 3.3% in June, outpacing the US figure for the first time in eight years as the Bank of Japan holds its monetary policy meeting on July 27 and…

TymeBank gets green light to buy Sanlam’s loan portfolio

eriinfo.com9 months ago02 mins

As of 31 December 2024, TymeBank had 10.7 million customers. The Competition Commission has recommended unconditional approval of TymeBank’s proposed acquisition of SanlamTyme and a portfolio of unsecured personal loans from Sanlam Personal Loans (SPL). TymeBank, South Africa’s first digital-only bank and majority-owned by Patrice Motsepe’s African Rainbow Capital (ARC), now holds deposits nearing R7…