Ugandan companies involved in energy, agriculture, mining/quarrying, manufacturing, trade, transport and telecommunications, infrastructure, electricity and water, construction and real estate can soon tap into a $55 million two year term loan facility.
Stanbic Bank Uganda Limited, a subsidiary of Standard Bank Group Limited (Standard Bank Group), signed a $55 million two year term loan facility last week in Dubai. Emirates NBD Capital Limited was the Sole Co-ordinator and Bookrunner of the financing.
We are pleased that Stanbic Bank Uganda, the leading bank in Uganda, continues to demonstrate market leadership by completing another successful transaction in the international loan market, in an extended two year tenure at such tight pricing. The over-subscription of our syndicated loan transaction further validates the confidence that the international financing community has in our consistent growth story, Patrick Mweheire, Chief Executive of Stanbic Bank Uganda said.
Ahmed Al Qassim, CEO, Emirates NBD Capital said, Since the beginning of 2015 we have arranged a number of syndicated loan transactions for African financial institutions. We are pleased to have again partnered with Standard Bank Group in yet another landmark transaction for its subsidiary, we are proud to be the main banking partner for Standard Bank Group and its subsidiaries in the GCC.
Al Ahli Bank of Kuwait K.S.C.P, Bank of Baroda, SBM Bank (Mauritius) Ltd and The Commercial Bank (Q.S.C.) joined the transaction as Mandated Lead Arrangers.
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