In a move to further diversify its debt profile, infrastructure solutions provider the Africa Finance Corporation (AFC) has secured a $625-million syndicated loan with new lenders from the Middle East and Asia. Gulf Bank, the National Bank of Ras Al-Khaimah, China CITIC Bank, Qatar National Bank, Doha Bank and the Industrial Bank of Korea have joined the syndicate as first-time lenders to AFC, strengthening its coalition of investors and global capital market access.
Seplat completes funding for ANOH project
Seplat Petroleum has raised cash for its ANOH gas plan from a group of primarily Nigerian banks.
Updated: 02/02/2021, 7:55 am
Seplat meets Imo State amid talks on ANOH
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Seplat Petroleum has raised cash for its ANOH gas plan from a group of primarily Nigerian banks.
The seven banks agreed to provide $260 million of debt for the ANOH gas processing plant. The cash was raised via an incorporated joint venture, ANOH Gas Processing Co. (AGPC).