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MAY 2014 AFRICA LENDING MONITOR FUNDING OPPORTUNITIES BY COUNTRY, REGION AND SECTOR
Syndicated loans Project finance Bilateral lending Eurobonds Development finance Local-currency lending
Debtwire’s monthly Africa Lending Monitor presents a cross-section of funding opportunities covered by our reporting team, from syndicated and bilateral lending to development finance and local-currency bonds. Search over 200 prospective deals by country, region or sector using the navigation maps. Sign into Debtwire to load full deal information and browse hundreds more prospective opportunities, or email [email protected] for trial access. USER GUIDE Deals are arranged by country, region and sector. AFRICA LENDING MONITOR Use the navigation bar at the top of each page to move forward and back through the report, or MAY 2014 return to the Contents page.
CONTENTS
Debtwire’s monthly Africa Lending Monitor presents a cross-section of funding Use these buttons to return opportunities covered by our reporting team, from syndicated and bilateral lending to to the report’s respective development finance and local-currency bonds. Search over 200 prospective deals by section pages: country, region or sector using the navigation maps. Sign into Debtwire to load full deal information and browse hundreds more prospective opportunities, or email [email protected] for trial access.
FEATURED STORIES DEALS BY REGION 03 26-45
LATEST DEALS DEALS BY SECTOR 04-06 46-65
Look out for stories marked DEALS BY COUNTRY READ MORE, which can be accessed through this report 07-25 using your Debtwire log-in.
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Nick Briggs, Editor Olzhas Akpambetov, Analyst Angus Codd, Head of Sales, Debtwire EMEA +44 (0)20 7059 6244 +44 (0)20 7010 6394 +44 (0)20 7010 6121 [email protected] [email protected] [email protected]
John Foster, Senior Reporter, Africa Antigone Miltiadous, Analyst William Brayshaw, Sales, Africa/GCC +44 (0)20 7010 6347 +44 (0)20 7010 5163, +44 (0)20 7010 5151 [email protected] [email protected] [email protected]
Davide Barbuscia, Reporter, Africa Elena Shutova, Analyst Daniel Kalyan, Sales, CEEMEA +27 (0) 603622291 +44 (0)20 7010 6175 +44 (0)20 7010 6226 [email protected] [email protected] [email protected]
Rachel McGovern, Andrew Cairncross, Research Editor Jonathan Reed, Managing Director Assistant Editor, Syndicated Loans +44 (0)20 7010 5157 +1 212 686 5418 +44 (0)20 7010 6391 [email protected] [email protected] [email protected]
Disclaimer: We have obtained the information provided in this report in good faith from sources which we consider to be reliable, but we do not independently verify the information. The information is not intended to provide tax, legal or investment advice. We shall not be liable for any mistakes, errors, inaccuracies or omissions in, or incompleteness of, any information contained in this report. All such liability is excluded to the fullest extent permitted by law. Data has been derived from company reports, press releases, presentations and DW intelligence. © 2014 Mergermarket Limited. MAY 2014 FEATURED STORIES Cavalla Resources Kwale International Sugar Co Petrobras Oil & Gas
0 0 Kwale Sugar looking to raise Cavalla Resources seeks USD 40m-USD 50m in project finance up to USD 80m in project financing for Liberian Kwale International Sugar Company (Kiscol), a Kenyan sugar producer, plans to raise USD 40m-USD 50m to build an ethanol plant and a higher-education iron ore project centre, said Harshil Kotecha, project director. The company is working on feasibility studies, which it plans to complete in Cavalla Resources, a Liberian iron ore project about five months, he added. owned by Jonah Capital, a South Africa and Ghana The two projects are likely to be funded via separate facilities but the -based investment management company, is overall debt-to-equity ratio is targeted at 60:40, said Kotecha. looking to raise up to USD 80m in debt for its USD Kiscol has been in talks with local and international banks, and commercial 160m Buchanan Project, according to Fidel Jonah, and development finance institutions, but a firm request will only be executive director of Jonah Capital. submitted once bankable feasibility studies are complete, he said. Speaking to Debtwire on the sidelines of the The company is targeting facilities with nine-year maturities and interest West African Mining Investment Summit in rates in the region of 7% a year, said Kotecha. London, Jonah said that the company was on the The sugar distillery is likely to cost about USD 40m and take about two years verge of finalizing its definitive feasibility study for to build. The higher-education centre, which will be a medical school located the 1.2Mtpa iron-ore fines project. not far from the ethanol plant, will cost about USD 10m and take just over a Jonah Capital has to date funded the project year to finish, said Kotecha. through an earn-in agreement from strategic Kiscol specializes in cane agriculture and processing. It was established in partner Kumba Iron Ore, part of the Anglo 2007 and is part of the Pabari Group. American group, and pre-paid offtake from Davide Barbuscia Oreport, a BBBEE partner in South Africa. Oreport is part of the Grindrod Group. 0 Once the DFS is completed the company needs to move to mine construction, with a target of starting production in 2016, said Jonah. Petrobras’ African JV seeking Jonah Capital is looking at a 50:50 split between debt and equity for the project financing. USD 700m-USD 1.4bn loan It is already talking to Africa Finance Corpora- tion in Nigeria and South Africa’s Rand Merchant Petrobras Oil & Gas is putting together a reserve-based loan secured against Bank about the equity component. its Nigerian assets, according to two bankers close to the deal. The facility for Jonah Capital would want to maintain a 51% the Brazilian-owned, Africa-focused energy exploration and production com- controlling stake in the project, but all options are pany will total between USD 700m and USD 1.4bn, added the bankers. on the table with regard to financing, be it Terms including the maturity and pricing are still under discussion, one of strategic partnerships through earn-in or equity the bankers said, adding that the tenor is likely to be between five and seven participation, offtake to traders, private equity, years. Around 10 lenders are looking at the deal, which will probably be project financing or a loan, Jonah said. covered by a club of lenders. “Speed is the essence,” he added. "We’d be Petrobras Oil & Gas is a joint venture between Brazilian parent Petrobras’ willing to pay a little bit more [in terms of cost of international subsidiary and an investment vehicle owned by BTG Pactual. capital] if we could secure the funding quickly.” Rachel McGovern John Foster
● 3 LATEST DEALS & UPDATES MAY 2014
Borrower Country Sector Instrument Currency Size Timing Notes
Financial Pushed back Eurobond roadshow after ABC Holdings Limited Botswana Bond USD 150 2Q14 services acquisition by Atlas Mara. READ MORE
Syndicating aircraft financing facility via Air Cote d'Ivoire Ivory Coast Transport Loan USD 114 3Q14 Afreximbank. READ MORE
Consortium working with financial advisor, Aiteo-Taleveras Nigeria Energy Loan - - 2H14 FBN Capital, for USD 2.85bn proposed acquisition of OML 29 oil block. READ MORE
Working on a USD 500m-USD 1bn loan via Amni International Petroleum Nigeria Energy Loan USD 500 2H14 First City Monument Bank and Standard Chartered. READ MORE
In talks with Nigerian lenders for first USD 60m Amperion Nigeria Energy Loan USD 60 2H14 tranche of Geregu I capex programme. READ MORE
Needs USD 7m to complete bankable feasibility Auroch Minerals Mozambique Mining - USD 7 2H14 study on Manica gold project. READ MORE
Financial Seeking credit line for trade finance on-lending. Barak Fund Management Mauritius Loan USD 200 2H14 services READ MORE
Seeking up to USD 80m in debt for USD 160m Cavalla Resources Liberia Mining Loan USD 80 2015 Buchanan Project. READ MORE
Cesul (Mozambique Regional Financing needed for electrical transmission line. Mozambique Energy Loan USD 1,300 2015 Transmission Backbone Project) READ MORE
Seeking senior debt comprising mortgage, Crystal Thorpe Nigeria Medical Loan USD 13 2H14 construction financing and an RCF. READ MORE
Raising USD 10m in debt and equity to support Danadams Pharmaceuticals Ghana Medical - USD 10 - construction of facility to develop injectable medicines. READ MORE Waiting for final approval of NGN 50bn (USD 308m) loan under Central Bank of Nigeria Dangote Group Nigeria Conglomerate Loan NGN 50,000 2H14 funding scheme; proceeds earmarked for its urea fertiliser plant. READ MORE
In discussions with a European DFI for a loan of Databank Agrifund Zimbabwe Agriculture Loan USD 5 - at least USD 5m to be disbursed to Interfresh. READ MORE
Financial Seeking additional bilateral loan of up to DBSA South Africa Loan USD 75 3Q14 services USD 75m from JPMorgan. READ MORE
Seeking USD 21m to refinance existing debt and DiscoveryTel Ghana Telecoms Loan USD 21 2014 expand 4G network in West Africa. READ MORE
Raising USD 500m in debt for upgrades; Enugu Electricity Distribution Nigeria Energy - USD 500 - would consider vendor financing and structured financing. READ MORE
Citigroup and Standard Chartered hired as lead Financial First City Monument Bank Plc Nigeria Bond USD 300 3Q14 arrangers for a USD 300m Eurobond. services READ MORE
● 4 LATEST DEALS & UPDATES MAY 2014
Borrower Country Sector Instrument Currency Size Timing Notes
Sent banks a request for quotes for USD 500m- Ghana National Petroleum Corp Ghana Energy Loan USD 500 2H14 USD 700m loan financing. READ MORE
Likely to seek further funding from mid-2015 to Hans Merensky South Africa Agriculture - - - 1H15 mid-2016. READ MORE
Intends to raise USD 350m in debt, inc. a USD Financial Heritage Bank Nigeria - USD 350 2014 100m convertible bond, to finance expansion services plans. READ MORE
Plans to approach Algerian banks for Hodna Cement Algeria Construction Loan USD 350 2H14 project finance for USD 350m cement plant. READ MORE
Syndicating aircraft-finance loan package worth Kenya Airways Kenya Transport Loan USD 1500 2Q14 USD 1.3bn; US Ex-Im guarantee arranged. READ MORE
International banks pitching for mandate to Kenya Pipeline Company Kenya Industrials Loan USD 500 2014 arrange loan. READ MORE
Looking for JV partners with financial backing for Lesotho (Govt of) Lesotho Government - - - 2014 power projects. READ MORE
Seeking investment deals in water, energy, Lesotho (Govt of) Lesotho Government - - - 2014 tourism, agriculture and infrastructure sectors. READ MORE
Looking to substantially upgrade power- Liberia (Govt of) Liberia Government - - - - generation capacity in the next five years. READ MORE
Mashonaland Holdings Zimbabwe Real estate - USD 15 2H14 Looking for USD 15m debt. READ MORE
Looking to raise USD 5m to set up a series of Mineral Resources & Solutions Zimbabwe Mining - USD 5 2014 remote gold stamp mills in rural Zimbabwe. READ MORE
Putting together a reserve-based loan of Petrobras Oil & Gas Nigeria Energy Loan USD 700 2Q14 USD 700m-USD 1.4bn secured against its Nigerian assets. READ MORE
Considering using the listed bond market to Safari Investments South Africa Real estate Bond ZAR 200 2H14 raise ZAR 200m-ZAR 300m. READ MORE
Launched a USD 270m 1.5-year loan via Natixis. SAMIR Morocco Energy Loan USD 270 1H14 READ MORE
Considering RFP for long-term debt; plans to Sanral South Africa Transport - ZAR - 2014 issue at least ZAR 500m of bonds a month until March 2015. READ MORE
Planning local-currency sukuk. Senegal (Govt of) Senegal Government Bond XOF 50,000 1H14 READ MORE
● 5 LATEST DEALS & UPDATES MAY 2014
Borrower Country Sector Instrument Currency Size Timing Notes
Working with Afreximbank on USD 700m- Seplat Petroleum Nigeria Energy Loan USD 700 2Q14 USD 800m refinancing deal. READ MORE
Looking for strategic partners to help refinance Sierratel Sierra Leone Telecoms - USD 50 2H14 or restructure USD 50m of debt and advise on fundraising. READ MORE
Smile Telecoms Holdings Mauritius Telecoms Loan USD 320 1H14 Syndicating USD 320m loan. READ MORE
Plans to raise USD 100m in debt and equity for Star Africa Ghana Energy Loan USD - 2H14 oil exploration. READ MORE
In early discussions for financing of a railway Tharisa South Africa Mining - - - 2014 project under PPP with Transnet. READ MORE
Reaching financial close on 'A/B' IFC loan. Tobene Power Senegal Energy Loan USD 95 1H14 READ MORE
Financial Launching a new securitisation vehicle that plans Transaction Capital South Africa Bond ZAR 750 2014 services to issue ZAR 750m-ZAR 800m bond. READ MORE
Negotiating debt funding for Ughelli’s rehab and Transcorp Nigeria Energy Loan USD 1300 - expansion capex, and raising funds for a Lagos hotel project. READ MORE
Plans to close a syndicated loan of about TSB Sugar South Africa Agriculture Loan USD 300 4Q14 USD 300m by year-end. READ MORE
In discussions with local and international Financial UAP Holdings Kenya Loan - - 2014 lenders for debt to back its expansion in Africa. services READ MORE
● 6 COUNTRY FINDER
[CLICK ON A PIN ] Debtwire’s monthly Africa Lending Monitor presents a cross-section of funding opportunities covered by our reporting team, from syndicated and bilateral lending to development finance and local- currency bonds. Search over 200 prospective deals by country, region or sector using the navigation maps. Sign into Debtwire to load full deal information and browse hundreds more prospective opportunities, or email [email protected] for trial access.
PLUS BACK TO ALGERIA COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Plans to approach Algerian banks for Hodna Cement North Africa Construction Loan USD 350 2H14 project finance for USD 350m cement plant. READ MORE ANGOLA
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Set to raise USD 200m of USD 700m Angola (Govt of) Central Africa Government Loan USD 200 1Q14 long-dated loan by end-March.
Putting together a USD 50m domestic Angola Cables Central Africa Telecoms Loan AOA - 1Q14 debt syndicate. Looking for USD 14m in project financing to Best Angola Steel Central Africa Industrials - USD 14 - construct steel fabrication plant at Viana. READ MORE BOTSWANA
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Southern Financial Pushed back Eurobond roadshow after ABC Holdings Limited Bond USD 150 2Q14 Africa services acquisition by Atlas Mara. READ MORE
Looking to raise up to USD 41m to back mining Southern African Nickel Mining - USD 41 2014 projects in Botswana, Namibia and South Africa. Africa READ MORE BURKINA FASO
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Potentially requires USD 315m for Endeavour Mining West Africa Mining Loan USD 315 2014 Hounde project.
Could look to raise debt of up to AUD 50m- Gryphon Minerals West Africa Mining - AUD 60 2014 AUD 60m for Banfora gold project.
CHAD
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Signed a reserve-based syndicated loan Caracal Energy Central Africa Energy Loan USD 140 2Q14 financing for Chad assets. READ MORE
● 8 BACK TO CONGO COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Looking at several financing sources for Equatorial Resources Central Africa Mining - USD 150 2014 USD 150m capex backing Mayoko-Moussondji iron project. READ MORE
DRC (Democratic Republic of the Congo)
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Increased funding requirement and is now La Generale des Carrieres Central Africa Mining Loan USD 1,500 1H14 looking to raise USD 1.5bn from international et des Mines (Gecamines) lenders for expansion and debt refinancing.
EGYPT
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Egyptian Mortgage Financial Seeking financial advisor for EGP 100m- North Africa Bond EGP 100 1H14 Refinance Company services EGP 200m bond. READ MORE
Negotiating working capital facilities with Ghabbour Auto North Africa Automotive Loan USD - 1H14 Egyptian and international banks to fund its Algerian and Libyan operations.
Negotiating EGP 1.8bn long-term loan to finance Talaat Moustafa Holding Group North Africa Real estate Loan EGP 1,800 2014 expansion project in El-Rehab.
Raising EGP 3bn (USD 435m) via a club loan Upper Egypt Electricity North Africa Energy Loan EGP 3,000 1Q14 arranged by six local banks to part-finance Production Company construction of the South Helwan plant.
Nearing financial close on five-year club loan. Vodafone Egypt North Africa Telecoms Loan EGP 4,000 - READ MORE
ERITREA
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Targeting DFIs to raise USD 520m of debt for South Boulder Mines East Africa Mining Loan USD 520 1H14 USD 740m Colluli open-pit potash mine.
Looking for funding as it expands Eritrean Zara Mining East Africa Mining - - - 2014 footprint.
● 9 BACK TO ETHIOPIA COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Negotiating USD 417m debt tranche for Allana Potash Corp. East Africa Mining Loan USD 417 1Q14 Dallol Potash project.
Raising funds in conjunction with IFC for Tsemex Hotels East Africa Real estate Loan USD 37.7 2014 business hotel in Addis Ababa.
GABON
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Raising 2:1 debt-equity structure to finance Gabon Fertiliser Company Central Africa Chemicals Loan USD 1,000 4Q13 fertiliser project worth USD 1.5bn-USD 2bn.
GHANA
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Seeking to raise USD 90m-100m in debt for the Agu Palms Condos West Africa Real estate Loan USD 100 4Q13 construction of low-cost housing units in Ghana.
Planning to raise EUR 350m in debt as part of a Asutsuare Water Treatment West Africa Utilities (other) Loan EUR 350 4Q13 70:30 debt/equity split to finance EUR 500m Plant (USD 641m) water treatment project in Ghana.
Seeking funds for 100-unit housing development Bellslov Estate West Africa Real estate - USD 10 1H14 in Accra.
Cenpower Generation Syndicating a USD 400m loan via West Africa Energy Loan USD 400 1Q14 Company Ltd Rand Merchant Bank. Raising USD 10m in debt and equity to support Danadams Pharmaceuticals West Africa Medical - USD 10 - construction of facility to develop injectable medicines. READ MORE Seeking USD 21m to refinance debt and DiscoveryTel West Africa Telecoms Loan USD 21 2014 expand West Africa 4G network. READ MORE
Banks asked to submit pricing for annual Ghana Cocoa Board (Cocobod) West Africa Agriculture Loan USD - 1H14 PXF loan. READ MORE
Sent banks a request for quotes for USD 500m- Ghana National Petroleum Corp West Africa Energy Loan USD 500 2H14 USD 700m loan financing. READ MORE
Plans to raise USD 100m in debt and equity Star Africa West Africa Energy Loan USD - 2H14 for oil exploration. READ MORE
Financial Unibank Ghana West Africa - GHS 117 1Q14 Raising the equivalent of USD 50m in cedi. services
Looking for USD 5m in trade finance lines. Xanadu World West Africa Consumer Loan USD 5 2H14 READ MORE
● 10 BACK TO GUINEA COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Could tap the market for up to USD 70m to Drake Resources West Africa Mining - USD 70 2014 take forward its African and Scandinavian mining projects.
GUINEA-BISSAU
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Needs pre-production financing for Farim GB Minerals West Africa Mining - USD 166 2014 phosphate project.
IVORY COAST
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Syndicating aircraft financing facility via Air Cote d'Ivoire West Africa Transport Loan USD 114 3Q14 Afreximbank. READ MORE
Harvest Logistics West Africa Transport Loan EUR 5 2014 Looking for financing for trucks.
Looking for USD 5m to USD 10m to support Inter-Globds West Africa Agriculture Loan USD 5 2014 cashew trade financing. READ MORE
KENYA
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Financial ABC Bank East Africa - KES 1,000 1Q14 Issuing a KES 1bn bond via private placement. services
Financial Seeking to raise financing via domestic bonds Chase Bank East Africa Loan/Bond - - 1Q14 services and other debt instruments.
Financial Looking to raise USD 20m from DFIs. Fountain Credit East Africa Loan USD 20 1Q14 services READ MORE
Financial Seeking to raise USD 10m-USD 15m of debt Gulf African Bank East Africa Loan USD 10 2014 services in 2014.
Funding target trimmed from KES 3bn to Habitat Afrique East Africa Real estate - KES 800 1H14 KES 800m; in talks for 10-year bilateral loan. READ MORE Syndicating USD 1.3bn aircraft-finance loan Kenya Airways East Africa Transport Loan USD 1500 2Q14 package; US Ex-Im guarantee arranged. READ MORE
● 11 BACK TO KENYA (contd) COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Expected to mandate a lead arranger for a USD 1.5bn syndicated loan needed to finance the first Kenya (Government of) East Africa Government Loan USD 1,500 4Q13 phase of the Lamu Port-South Sudan-Ethiopia Transport Corridor (Lapsset) project.
Sovereign Kenya (Government of) East Africa Government USD 1,500 2Q14 Planning to issue up to USD 1.5bn in Eurobonds. bond
Kenya Electricity Generating East Africa Energy Loan USD 100 - Seeking USD 100m in loans. Company Limited International banks pitching for mandate to Kenya Pipeline Company East Africa Industrials Loan USD 500 2014 arrange loan. READ MORE Standard Chartered chosen as advisor for the Kenya Roads Board East Africa Transport Bond USD 500 2H14 feasibility study and structuring of proposed USD 500m infrastructure bond. READ MORE
Syndicating a USD 90m loan underwritten Kinangop Wind Farm East Africa Energy Loan USD 90 1Q14 by CFC Stanbic.
Kwale International Consumer: Planning to raise funds to construct an ethanol East Africa Bond USD - 2Q14 Sugar Co. Ltd Foods plant and a higher-education centre.
Lake Turkana Wind Power East Africa Energy Loan EUR 438 2014 Debt package for power project signed.
Consumer: Nakumatt East Africa Loan USD 50 1Q14 Considering debt financing options. retail
Issued a January RFP for KES 8bn (USD 93m) National Housing Corporation East Africa Real estate Bond KES 8,000 - local-currency bond.
Financial Now looking at private-placement market for Shelter Afrique East Africa Loan USD 100 2014 services up to USD 100m. READ MORE
Needs to raise debt for aircraft buys. Sky Aero East Africa Transport Loan USD 4 2014 READ MORE
Financial In early discussions for USD 50m-USD 100m The Mortgage Company East Africa Loan USD 100 2H14 services loan. READ MORE
Discussing USD 20m loan for Nairobi hotel, plus TPS Eastern Africa East Africa Leisure - USD - 1H14 DFI loans and local bonds. In discussions with local and international Financial UAP Holdings East Africa Loan - - 2014 lenders for debt to back its expansion in services Africa. READ MORE LESOTHO
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Southern Looking for JV partners with financial backing Lesotho (Govt of) Government - - - 2014 Africa for power projects. READ MORE
Seeking investment deals in water, energy, Southern Lesotho (Govt of) Government - - - 2014 tourism, agriculture and infrastructure sectors. Africa READ MORE
● 12 BACK TO LIBERIA COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Seeking up to USD 80m in debt for USD 160m Cavalla Resources West Africa Mining Loan USD 80 2015 Buchanan Project. READ MORE
Likely to start project finance process for Hummingbird Resources West Africa Mining - - - 2H14 Dugbe 1 in 2H14.
Looking to substantially upgrade power- Liberia (Govt of) West Africa Government - - - - generation capacity in the next five years. READ MORE MALAWI
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Needs funding for USD 265m capex backing Intra Energy Corp East Africa Energy - USD 265 2015 coal-fired power plant. READ MORE
Telekom Networks Malawi East Africa Telecoms Loan USD 14 1H14 Discussing options to raise short-term debt.
MALI
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Needs funding to develop 50-million-tonne Great Quest Metals West Africa Mining - USD 160 2014 Tilemsi phosphate project.
MAURITIUS
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Financial Seeking credit line for trade finance Barak Fund Management East Africa Loan USD 200 2H14 services on-lending. READ MORE
Financial In early discussions for USD 15m-USD 20m Bayport Management East Africa Bond ZMW - 1H14 services corporate bond on Zambian market.
Financial In talks with investors to back African Databank Agrifund Managers East Africa - USD - 4Q13 services agribusiness SME fund.
Syndicating a USD 125m one-year loan. Export Trading Group East Africa Agriculture Loan USD 125 1H14 READ MORE
● 13 BACK TO MAURITIUS (contd) COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Export Trading Group East Africa Agriculture Loan USD 100 2H14 In early talks for second syndicated facility.
Private equity sponsor could seek debt for Guanomad East Africa Agriculture Loan - - 2014 support growth.
Smile Telecoms Holdings East Africa Telecoms Loan USD 320 1H14 Syndicating USD 320m loan. READ MORE
Raising USD 90m to develop a bioethanol Sunbird Bioenergy East Africa Energy - USD 90 2014 refinery in Edo State. READ MORE
MOROCCO
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Financial Mandated international banks for upcoming Attijariwafa Bank North Africa Bond USD 500 - services USD 500m bond issue. Raising about USD 35m in debt to back the Maya Gold & Silver North Africa Mining Loan USD 35 - development of two mines in Morocco. READ MORE
Morocco (Govt of) North Africa Government Bond USD - 2014 Holding discussions with banks for sukuk.
Priced USD 1.25bn 5.625% 2024 bond and Office Cherifien USD 300m 6.875% 2044 notes; 30-year North Africa Chemicals Bond USD 1,850 2Q14 des Phophates tranche later tapped for additional USD 300m. READ MORE
Launched a USD 270m 1.5-year loan via SAMIR North Africa Energy Loan USD 270 1H14 Natixis. READ MORE
MOZAMBIQUE
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Needs USD 7m to finish bankable feasibility Auroch Minerals East Africa Mining - USD 7 2H14 study on Manica gold project. READ MORE
Cesul (Mozambique Regional Financing needed for electrical East Africa Energy Loan USD 1,300 2015 Transmission Backbone Project) transmission line. READ MORE
Financial Closing USD 100m Mozambique Private Equity Eurofin Capital East Africa - USD 100 1H14 services Fund in 1H14.
Maputo Port Development Co East Africa Transport - USD 500 1H14 Aiming to raise about USD 500m.
● 14 BACK TO NAMIBIA COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Southern Looking to raise up to USD 41m to back mining African Nickel Mining - USD 41 2014 Africa projects in Botswana, Namibia and South Africa.
Southern Financial Hopes to close USD 200m first funding on Tses Groot Group Ltd. Loan USD 200 1H14 Africa services Glass project by March/April.
Southern Financial Groot Group Ltd. Loan USD 85 4Q13 Lining up funding for steel mill. Africa services
Southern Seeking asset-backed credit lines to finance the Kombat Copper Mining Loan USD 30 2014 Africa rehabilitation of flooded mine shafts.
Aimed to reach fundraising stage on USD 320m Southern Namibian Marine Phosphate Mining Loan USD 190 1H14 Sandpiper project by end-2013; 60:40 debt- Africa equity split.
Set to appoint mandated lead arrangers Southern NamPower Energy Loan USD 800 2H14 for a USD 800m loan to finance the Kudu Africa power project. READ MORE
Plans to raise about NAD 150m (USD 14m) in Southern Oshakati Premier Electric Energy Loan NAD 250 2014 debt to part-finance greenfield solar plant. Africa READ MORE
NIGERIA
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Financial Plans to set up an MTN programme and a Africa Finance Corporation West Africa Bond USD 350 2014 services USD 350m-plus Eurobond. READ MORE
In discussions for financing for acquisition of African Industries West Africa Conglomerate Loan USD 200 1H14 Omotosho power plant.
Consortium working with financial advisor, Aiteo-Taleveras West Africa Energy Loan - - 2H14 FBN Capital, for USD 2.85bn proposed acquisition of OML 29 oil block. READ MORE
Working on a USD 500m-USD 1bn loan via Amni International Petroleum West Africa Energy Loan USD 500 2H14 First City Monument Bank and Standard Chartered. READ MORE
In talks with Nigerian lenders for first USD 60m Amperion West Africa Energy Loan USD 60 2H14 tranche of Geregu I capex programme. READ MORE
Raising senior loans via DFIs and commercial Azura-Edo IPP West Africa Energy Loan USD 467 2014 banks with ECA support and/or PRI.
Backbone Connectivity In financing phase for proposed metro fibre West Africa Telecoms - USD 25 1H14 Network networks in Lagos.
Sovereign Planning to raise at least USD 1bn in through Bayelsa (Federal state of) West Africa Government USD - 1H14 bond both debt and equity.
● 15 BACK TO NIGERIA (contd) COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Financing agreements in place for Chevron asset Brittania-U West Africa Energy Loan USD 1,200 - purchase; deal held up by legal dispute. Standard Chartered mandated for seven-year Century Power Generation West Africa Energy Loan USD 500 - syndicated loan for greenfield power plant. READ MORE United Bank for Africa appointed to raise capex Copperbelt Energy Corp West Africa Energy Loan USD - 1H14 funds for rehabilitation of Abuja Electricity Distribution Co. Seeking senior debt comprising mortgage, Crystal Thorpe West Africa Medical Loan USD 13 2H14 construction financing and an RCF. READ MORE
Waiting for final approval of NGN 50bn (USD 308m) loan under Central Bank of Nigeria Dangote Group West Africa Conglomerate Loan NGN 50,000 2H14 funding scheme; proceeds earmarked for its urea fertiliser plant. READ MORE Plans to issue a USD 300m Eurobond via Financial Ecobank Nigeria West Africa Bond USD - 1H14 Deutsche Bank and Standard Chartered. services READ MORE Raising USD 500m in debt for upgrades; Enugu Electricity Distribution West Africa Energy - USD 500 - would consider vendor financing and structured financing. READ MORE
Citigroup and Standard Chartered hired as lead Financial First City Monument Bank Plc West Africa Bond USD 300 3Q14 arrangers for a USD 300m Eurobond. services READ MORE
Looking to refinance USD 167m-equivalent of First Deepwater Discovery West Africa Energy - USD 167 2014 locally-sourced debt. READ MORE
Could raise financing for Aba II expansion and Geometric Power West Africa Energy Loan USD - 1H14 Oma power project.
Financial Lining up USD 1.6bn financing syndicate for Groot Group Ltd. West Africa Loan USD 1,600 4Q13 services Sitentu Power Plant. Project on hold.
Financial In the market for new syndicated loan . Guaranty Trust Bank West Africa Loan USD - 1H14 services READ MORE
Raising funds for middle-income housing Haon Properties West Africa Real estate Loan USD 15 2014 development in Lagos State.
Intends to raise USD 350m in debt, inc. a Financial Heritage Bank West Africa - USD 350 2014 USD 100m convertible bond, to finance services expansion plans. READ MORE
Looking to fund hotel and amusement Hexagon Networks West Africa Leisure - USD 20 2014 park projects. Financing for USD 200m greenfield power Honeywell Group West Africa Energy Loan USD 140 1H14 project in Ogun State on hold pending gas-supply agreements. Financial Plans to raise a minimum of USD 100m in local Infinity Trust Mortgage Bank West Africa Bond NGN - 2014 services currency through asset-backed bond.
Actis project raising debt and equity for Abuja Jabi Mall West Africa Real estate Loan USD - 2014 shopping mall.
● 16 BACK TO NIGERIA (contd) COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Developing a 2,000-hectare integrated and Kohath Investment West Africa Agriculture Loan USD 20 2014 mechanised rice production business in Kwara State. READ MORE
Standard Chartered and TIB seeking co-MLAs Lagos-Ibadan Expressway West Africa Transport Loan NGN 50,000 1H14 for debt.
Lead arrangers appointed for USD 300m- Mainstream Energy Solutions West Africa Energy Loan USD 300 1H14 USD 500m capex facility.
Has held talks with banks over financing for Moteriba West Africa Energy Loan USD - 2014 storage projects in three African countries. Plans to raise about USD 50m-USD 60m for an M-P Infrastructure West Africa Telecoms Loan USD 60 2H14 open-access broadband infrastructure project. READ MORE Raising finance to develop a USD 284.5m Naanovo Energy West Africa Energy - - - 1H14 modular waste-to-energy power plant in Calabar.
Will seek financing in 2015 to develop assets Neconde Energy West Africa Energy - USD - 2015 in the Niger Delta OML 42. READ MORE
Nigerian Aviation Considering funding options for energy- West Africa Transport - - - 4Q13 Handling Co. sector expansion.
Standard Chartered and Diamond Bank Nigerian National West Africa Energy Loan USD 2,500 1H15 mandated to arrange funding for pipeline Petroleum Corporation infrastructure project.
Needs USD 200m of debt and/or equity for Orient Petroleum Resources West Africa Energy Loan USD 200 2014 2014 capex. READ MORE
Planning debut domestic bond for April 2014. Oyo State West Africa Government Bond NGN 23,500 2Q14 READ MORE Seeking up to USD 240m in debt and equity Pearland Energy West Africa Energy Loan USD - 2H14 to develop assets in the Niger Delta marginal fields. READ MORE Putting together a reserve-based loan of Petrobras Oil & Gas West Africa Energy Loan USD 700 2Q14 USD 700m-USD 1.4bn secured against its Nigerian assets. READ MORE
Working with Afreximbank on USD 700m- Seplat Petroleum West Africa Energy Loan USD 700 2Q14 USD 800m refinancing deal. READ MORE
Standard Chartered MLA for debt component of Seplat Petroleum West Africa Energy Loan USD 450 2Q14 bid for Chevron assets. READ MORE
Closed USD 170m facility with FBN and Financial Seven Energy West Africa Loan USD 170 2Q14 Ecobank to part-finance acquisition. services READ MORE
Financial Standard Chartered mandated to raise Skye Bank Plc. West Africa Loan USD 100 1Q14 services USD 100m via a one-year syndicated loan.
JV lining up USD 1.6bn financing syndicate Sparkle Energy West Africa Energy Loan USD 1,600 2014 for Sitentu Power Plant. Project on hold (see Groot, Namibia).
Financial In advanced discussions for dual-tranche loan Stanbic IBTC West Africa Loan USD 100 2Q14 services from DFIs. READ MORE
● 17 BACK TO NIGERIA (contd) COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Seeking to raise USD 20m-equivalent debt in Swift Networks West Africa Telecoms Loan NGN - 4Q13 local currency for growth plan. Negotiating debt funding for Ughelli’s rehab Transcorp Nigeria Energy Loan USD 1300 - and expansion capex, and raising funds for a Lagos hotel project. READ MORE
UniCem West Africa Construction Loan USD 680 4Q13 Closed syndicated loan in November 2013.
Financial Syndicating three-year loan via Union Bank of Nigeria West Africa Loan USD 100 1H14 services Standard Chartered.
Considering raising debt to upgrade Vigeo Power West Africa Energy Loan USD - 2014 Benin Distribution Company.
Financial RMB and Standard Chartered mandated for a Zenith Bank West Africa Loan USD 100 1Q14 services USD 100m three-year syndicated loan.
Printed a five-year USD 500m 6.25% Financial Zenith Bank West Africa Bond USD 500 2Q14 Eurobond at a 98.947 re-offer price with a services yield of 6.5%. READ MORE
RWANDA
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Approaching the market to raise USD 20m in Fusion Investment East Africa Real estate Loan USD 20 1H14 senior debt for Kigali Heights development. Management READ MORE SENEGAL
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Looking to raise USD 15m debt for AfricaStar Holdings West Africa Transport - USD 15 1H14 regional airline.
Planning to issue at least XOF 20bn Dakar (Municipality of) West Africa Government Bond XOF 20,000 1H14 (USD 41.6m) in local currency bonds for infrastructure development. READ MORE
Intends to issue USD 200m sukuk between Senegal (Govt of) West Africa Government Bond USD 200 2Q14 mid-May and mid-June. READ MORE
Planning local-currency sukuk. Senegal (Govt of) West Africa Government Bond XOF 50,000 1H14 READ MORE
Reaching financial close on 'A/B' IFC loan. Tobene Power West Africa Energy Loan USD 95 1H14 READ MORE
● 18 BACK TO SIERRA LEONE COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Reviewing debt funding targets for Tonkolili African Minerals Limited West Africa Mining Loan USD - 2014 iron ore development.
Planning fundraising process to raise about Joule Africa West Africa Energy - USD 500 2014 USD 500m of debt.
Seeking USD 80m in debt financing to fund Sewa Energy Resources West Africa Energy Loan USD 80 - Sierra Leone power project. Looking for strategic partners to help refinance Sierratel West Africa Telecoms - USD 50 2H14 or restructure USD 50m of debt and advise on fundraising. READ MORE Looking to raise funds for a hydroelectric Smol Pawa West Africa Energy - USD 18 1H14 power project in Sierra Leone. READ MORE SOMALIA
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Seeking USD 15m to build fibre-optic national Dalkom Somalia East Africa Telecoms Loan USD 15 - backbone in Somalia.
SOUTH AFRICA
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Actively prospecting Middle East, Asian and African Bank Investments Southern Financial - - - 1H14 non-dollar European markets for funds. Limited Africa services READ MORE
Southern Looking to raise up to USD 41m to back mining African Nickel Mining - USD 41 2014 Africa projects in Botswana, Namibia and South Africa.
Wants to raise about ZAR 85m in debt and Southern African Radiant Rationale Energy - ZAR - 2014 equity for planned 5MW solar project. Africa READ MORE
Southern Set for early refinancing talks ahead of March Airports Company South Africa Transport - ZAR 1,800 2014 Africa 2016 maturities.
Southern Looking to issue a bond of ZAR 600m. Ascendis Health Medical Bond ZAR 600 2Q14 Africa READ MORE
Southern Financial Looking to raise USD 50m in mezzanine funds for Alpha Reign Loan USD 50 1H14 Africa services SME fund. READ MORE
Southern Financial Looking to raise about ZAR 300m (USD 34.8m) Ardor SA Limited Loan ZAR 180 2014 Africa services in debt capital.
● 19 BACK TO SOUTH AFRICA (contd) COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Southern Arranged a new ZAR 650m (USD 62.2m) term Arrowhead Properties Real estate - ZAR 650 2014 Africa loan with a South African bank. READ MORE
Southern Looking to issue a bond of ZAR 600m. Ascendis Health Medical Bond ZAR 600 2Q14 Africa READ MORE
Southern Raising debt for a 17.5MW biomass project in Building Energy Spa Energy Loan USD - 1H14 Africa South Africa.
Southern Chemspec Specialities Chemicals - - - - Actively looking for cheaper sources of funding. Africa
Plans to approach banks for project finance of Southern Coal of Africa Mining Loan ZAR 400 1H14 around ZAR 380m-ZAR 400m to fund expansion Africa at Vele colliery. READ MORE Plans to raise about USD 500m to part-fund a Southern Colenso Power Energy Loan USD 500 2015 USD 740m integrated coal and power project Africa in KwaZulu-Natal. READ MORE Agreed USD 300m-USD 350m of loans Southern Financial DBSA Loan USD - 1Q14 with JPMorgan and Rand Merchant Bank. Africa services READ MORE
Southern Financial Seeking additional bilateral loan of up to DBSA Loan USD 75 3Q14 Africa services USD 75m from JPMorgan. READ MORE
Southern Financial Exploring options for ZAR 1bn-ZAR 2bn green DBSA Bond - - 2014 Africa services bond, possible Eurobond. READ MORE
Southern Dipula Property Fund Pty Ltd Real estate Bond ZAR - 2014 Preparing rand-denominated bond issue. Africa
Preferred bidders picked for loan and DMTN Southern Durban (City of) Government Loan ZAR 1,500 1H14 programme; considering additional funding for Africa public transport project.
Southern Looking to raise ZAR 260m to launch manganese Emang Mmogo Mining Mining - ZAR 160 1Q14 Africa mining project in Northern Cape.
Southern Plans to raise about ZAR 4bn (USD 383m) in debt Ekurhuleni (Municipality) Government - ZAR 4,000 2014 Africa over the next three years.
Southern Financial Negotiating agreement for dual-tranche FirstRand Bank Loan USD 250 1Q14 Africa services loan syndication.
Southern Consumer: Syndicating a EUR 359m-equivalent refi loan Foodcorp Loan ZAR - 2Q14 Africa Foods to fund bond buyback. READ MORE
Southern Eyeing new term debt to help fund possible Fortress Income Fund Real estate - ZAR - 2014 Africa ZAR 1bn development pipeline. READ MORE
● 20 BACK TO SOUTH AFRICA (contd) COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Southern Evaluating capex requirement for Maputo coal Grindrod Transport Loan USD - 1H14 Africa terminal expansion.
Southern Likely to refinance bulk of Tiber Property Growthpoint Real estate Loan ZAR 1,560 1H14 Africa Group's existing debt.
Southern Likely to seek further funding from mid-2015 Hans Merensky Agriculture - - - 1H15 Africa to mid-2016. READ MORE In talks with banks to raise ZAR 100m-ZAR 200m Southern Hulamin Industrials - ZAR 200 2014 for additional aluminium processing and Africa recycling equipment. READ MORE Southern Ikwezi Mining Mining Loan ZAR 200 1Q14 Finalising loan for Ntendeka project. Africa
Southern Financial Innovent - USD 50 1H14 Seeking growth capital. Africa services
Southern Financial Looking to raise up to USD 1.8bn for two new International Housing Solutions Loan USD 1,800 2014 Africa services housing funds.
Iron Mineral Beneficiation Southern Seeking to raise ZAR 560m in debt for roll-out of Industrials Loan ZAR 560 4Q13 Services Africa Phalaborwa iron beneficiation plant.
Southern Looking to finance a USD 450m iron ore project Jindal Africa Mining - USD 270 2014 Africa on 60:40 debt-to-equity basis. READ MORE
Land and Agricultural Develop- Southern Financial Bond ZAR 1,000 2014 Looking to raise ZAR 1bn from European DFIs. ment Bank of South Africa Africa services
In talks with Rand Merchant Bank (RMB) to Southern Litha Healthcare Medical - ZAR 200 re-organise around ZAR 200m (USD 18.5m) Africa of debt. READ MORE
Plans to reach a first close of ZAR 500m Southern Financial Makalani - ZAR 500 3Q14 (USD 46m) on its ZAR 1bn Fund 2 in Africa services September. READ MORE
Southern Signed a USD 1bn five-year syndicated MTN Group Telecoms Loan USD 1,000 1Q14 Africa revolving credit facility. READ MORE
Southern Could look at debt funding for larger tailings Mwana Africa Mining - - 2H14 Africa plant at Freda Rebecca. READ MORE
Southern Evaluating various financing options for Pele Green Energy Energy - - - 2015 Africa renewable energy projects. READ MORE
Southern Plans to raise about USD 90m in debt for its Peninsula Energy Mining Loan USD 90 2015 Africa Karoo project. READ MORE
● 21 BACK TO SOUTH AFRICA (contd) COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Fundraising to back investments in Southern Pewu Holdings Energy - USD 20 - renewable energy sector in South Africa and Africa Sub-Saharan Africa. READ MORE
Southern Plans to approach lenders on a project-specific Pretoria Portland Cement Construction Loan ZAR 2,000 1H14 Africa basis for work totalling about ZAR 2bn.
Southern Will appoint advisors for bond issue between Rebosis Property Fund Real estate Bond ZAR 500 2Q14 Africa ZAR 300m-500m. Aiming to raise c. ZAR 850m (USD 78m) in debt Southern Recor Energy - ZAR 850 2H14 to back bio-energy projects; in talks with IDC. Africa READ MORE Looking for funds to back expansion of Southern RBT Resources Transport Loan ZAR 1750 1Q14 Grindrod’s Navitrade terminal at Africa Richards Bay Coal Terminal. Southern Chemicals and Aiming to raise funds for new projects. Rolfes Holdings - ZAR 55 2H14 Africa materials READ MORE Plans to reach agreements over ZAR 2.6bn- Southern Royal Bafokeng Platinum Mining Loan ZAR 3,000 2H14 ZAR 3bn of debt facilities by year-end. Africa READ MORE Southern Considering using the listed bond market to Safari Investments Real estate Bond ZAR 200 2H14 Africa raise ZAR 200m-ZAR 300m. READ MORE
Southern Financial Set to market USD 250m-USD 300m Mauritius- Sanlam - USD 250 2014 Africa services based credit fund to outside investors.
Considering RFP for long-term debt; plans to Southern Sanral Transport - ZAR - 2014 issue at least ZAR 500m of bonds a month Africa until March 2015. READ MORE
Southern Could re-visit the bond market as a funding Sentula Mining Mining Bond ZAR - 2015 Africa option in early 2015. Has begun ZAR 2.3bn (USD 251m) project fund- Southern Sephaku Fluoride Mining Loan ZAR 1,300 4Q13 raising; consisting of 60% debt and 40% equity. Africa Expecting debt to come from local banks. Southern Expects to issue USD 500m-plus sukuk by South Africa (Govt of) Government Bond USD 500 2014 Africa end-2014. READ MORE The South African bank’s Ghanaian, Kenyan, Standard Bank of Southern Financial Loan USD 400 - Nigerian and Ugandan subsidiaries are each South Africa Ltd. Africa services seeking USD 100m two-year loans. Stanlib Africa Direct Property Southern Plans to raise about USD 150m in debt at the Real estate - USD 150 2H14 Dev. Fund Africa asset investment level over the next two years.
Southern Raising funds for the acquisition of a Statistics South Africa Government Loan ZAR 1,800 - Africa new headquarters.
Southern Funding needed to start production at the Sunbird Energy Energy - USD 1,400 2H14 Africa Ibhubesi gas project. READ MORE
● 22 BACK TO SOUTH AFRICA (contd) COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Southern Super Group Transport Bond ZAR - 2014 Looking to launch a ZAR 2bn DMTN programme. Africa
Southern In early discussions for financing of a railway Tharisa Mining - - - 2014 Africa project under PPP with Transnet. READ MORE
Launching a new securitisation vehicle that Southern Financial Transaction Capital Bond ZAR 750 2014 plans to issue ZAR 750m-ZAR 800m bond. Africa services READ MORE
Southern Plans to close a syndicated loan of about TSB Sugar Agriculture Loan USD 300 4Q14 Africa USD 300m by year-end. READ MORE
Southern Looking to raise ZAR 1.2bn over four years York Timbers Agriculture Loan ZAR 1,200 4Q13 Africa for capex.
Southern Wants ZAR 600m for an electricity York Timbers Agriculture Loan ZAR 600 4Q13 Africa co-generation project.
Southern Considering raising up to ZAR 1bn of HoldCo debt Zeder Agriculture - ZAR 1,000 1Q14 Africa and ZAR 500m apiece for portfolio companies.
TANZANIA
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Wants USD 50m loan for logistics subsidiary Butiama Resources East Africa Transport - USD 50 1H14 Hasab Limited. READ MORE
Considering raising debt to fund its expansion DSM Corridor Group East Africa Transport - - - 2015 plans over the next two years.
Needs funding for USD 430m capex backing Intra Energy Corp East Africa Energy - USD 430 2015 coal-fired power plant. READ MORE
Will approach lenders for USD 30m to back Kibaran Resources East Africa Mining Loan USD 30 2015 Mahenge graphite project. READ MORE
Tanzania (Govt of) East Africa Government Bond USD - 2014 Citigroup to arrange a Eurobond.
Tanzania Electric Loan syndicated; awaiting government sign-off East Africa Energy Loan TZS 408,000 4Q13 Supply Company for disbursal.
Tanzania Mortgage Financial East Africa Bond TZS - 4Q13 Seeking advisors for local-currency bond issue. Refinance Co. services
● 23 BACK TO TUNISIA COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Entreprise Tunisienne Seeking new USD 100m syndicated loan from North Africa Energy Loan USD 100 - D'Activities Petrolieres international banks.
Holding talks with JBIC for sale of a Tunisia (Govt of) North Africa Government Bond JPY - 1H14 yen-denominated bond.
UGANDA
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Plans to raise USD 500m internationally for a African Alliance Uganda East Africa Real estate - USD 500 1H14 property fund.
Financial National Insurance Corporation East Africa Bond UGX - 2014 Preparing the ground for a 2014 debt placement. services
Seeking investors to fund USD 867m of Uganda (Govt of) East Africa Government Loan USD - 2014 upgrade works.
Seeking funding for Uganda-South Sudan railway Uganda (Govt of) East Africa Government - USD - - expecting to cost USD 2bn.
Seeking PPP investors to fund petroleum Uganda (Govt of) East Africa Government Loan USD - - distribution terminal.
Uganda Electricity Looking to raise up to USD 370m to install 150 East Africa Government - USD 370 2014 Transmission Co. megawatts of solar generation capacity.
Looking to raise USD 5m revolver for UpEnergy East Africa Energy Loan USD 5 2014 expansion plans. READ MORE
ZAMBIA
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Financial AB Bank East Africa - - - 2014 Planning 2014 fundraising. services
Mauritius-based provider of unsecured credit in Financial Bayport Management East Africa Bond ZMW - 1H14 Africa in early discussions for USD 15m-USD 20m services corporate bond to be issued on Zambian market.
Building Energy Spa East Africa Energy Loan - - 2014 Raising debt for 15MW power project in Zambia.
Considering long-term facilities to refinance Copperbelt Energy Corp East Africa Energy Loan USD 55 1H14 USD 55m August 2013 bridge loan.
● 24 BACK TO ZAMBIA COUNTRY FINDER
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Priced senior bond due 2022 with a 7.25% First Quantum Minerals East Africa Mining Bond USD 850 2Q14 coupon. READ MORE
Increased USD 2.5bn syndicated loan to First Quantum Minerals East Africa Mining Loan USD 3,000 2Q14 USD 3bn; deal signed. READ MORE
Planning a USD 500m Eurobond; pending Lusaka City Council East Africa Government Bond USD 500 4Q13 regulatory approval.
Working toward financial close on 12-year loan Maamba Collieries East Africa Mining Loan USD 520 2Q14 for power plant.
Set to complete financing of USD 2bn Zambia Electricity Supply Corp East Africa Energy Loan USD 2,000 2014 Kafue Gorge Lower Hydropower Project by (Zesco) year-end. READ MORE
Working on sovereign loan with Citigroup and Zambia (Govt of) East Africa Government Loan USD 250 1Q14 Standard Chartered.
Priced a USD 1bn 8.5% 2024 Eurobond via Zambia (Govt of) East Africa Government Bond USD 1,000 2014 Barclays and Deutsche Bank. READ MORE
ZIMBABWE
Borrower Sub-region Sector Instrument Currency Size Timing Notes
Seeking to raise USD 50m through a mix of AICO Africa Limited East Africa Agriculture Loan USD - - debt and equity.
Raising USD 200m in debt and equity for Bilboes East Africa Mining Loan USD 200 - Isabella-McCays-Bubi sulphide complex.
In discussions with a European DFI for a loan of Databank Agrifund East Africa Agriculture Loan USD 5 - at least USD 5m to be disbursed to Interfresh. READ MORE
Consumer: Looking to raise around USD 9m for domestic Dendairy East Africa - USD 9 1Q14 Foods acquisitions.
Set to sign five-year group-level loan Econet Wireless East Africa Telecoms Loan USD 150 1Q14 via Afreximbank.
Mashonaland Holdings East Africa Real estate - USD 15 2H14 Looking for USD 15m debt. READ MORE
Looking to raise USD 5m to set up a series of Mineral Resources & Solutions East Africa Mining - USD 5 2014 remote gold stamp mills in rural Zimbabwe. READ MORE
Financial Completing legal documentation for USD 10m NMB Bank East Africa Loan USD 10 1Q14 Services DFI credit line.
Sable Chemicals East Africa Chemicals - USD 20 1Q14 Approaching lenders for USD 20m debt.
● 25 Debtwire’s monthly Africa Lending Monitor presents a cross-section of funding opportunities covered by our reporting team, from syndicated and bilateral lending to development finance and local-currency bonds. Search REGIONS over 200 prospective deals by country, region or sector using the navigation maps. Sign into Debtwire to load full deal information and browse hundreds more prospective opportunities, or email [email protected] [CLICK ON THE MAP] for trial access.
NORTH AFRICA inc. ALGERIA EAST AFRICA EGYPT inc. DJIBOUTI LIBYA ERITREA MOROCCO ETHIOPIA TUNISIA KENYA MALAWI MAURITIUS MOZAMBIQUE RWANDA SOMALIA TANZANIA WEST AFRICA UGANDA inc. BURKINA FASO ZAMBIA GHANA ZIMBABWE GUINEA GUINEA-BISSAU IVORY COAST LIBERIA MALI NIGERIA SENEGAL SIERRA LEONE TOGO CENTRAL AFRICA inc. ANGOLA CHAD CONGO DRC GABON SOUTHERN AFRICA inc. BOTSWANA NAMIBIA SOUTH AFRICA SECTORS
AGRICULTURE/ ENERGY COMMODITIES MINING
AUTOMOTIVE FINANCIAL SERVICES REAL ESTATE
CHEMICALS GOVERNMENT TELECOMS
CONSTRUCTION INDUSTRIALS TRANSPORT
CONSUMER: MEDICAL FOODS/RETAIL CENTRAL AFRICA Angola Cameroon Central African Republic Chad Congo Democratic Republic of the Congo Equatorial Guinea Gabon Sao Tome and Principe
BACK TO REGION FINDER
Borrower Country Sector Instrument Currency Size Timing Notes
Set to raise USD 200m of USD 700m Angola (Govt of) Angola Government Loan USD 200 1Q14 long-dated loan by end-March.
Putting together a USD 50m domestic Angola Cables Angola Telecoms Loan AOA - 1Q14 debt syndicate. Looking for USD 14m in project financing to Best Angola Steel Angola Industrials - USD 14 - construct steel fabrication plant at Viana. READ MORE
Signed a reserve-based syndicated loan Caracal Energy Chad Energy Loan USD 140 2Q14 financing for Chad assets. READ MORE
Looking at several financing sources for USD Equatorial Resources Congo Mining - USD 150 2014 150m capex backing Mayoko-Moussondji iron project. READ MORE
Increased funding requirement and is now La Generale des Carrieres DRC Mining Loan Facility USD 1,500 1H14 looking to raise USD 1.5bn from international et des Mines (Gecamines) lenders for expansion and debt refinancing.
Chemicals/ Raising 2:1 debt-equity structure to finance Gabon Fertiliser Company Gabon Loan USD 1,000 4Q13 materials fertiliser project worth USD 1.5bn-USD 2bn.
● 27 EAST AFRICA Burundi Rwanda Djibouti Seychelles Eritrea Somalia Ethiopia South Sudan Kenya Sudan Madagascar Tanzania Malawi Uganda Mauritius Zambia Mozambique Zimbabwe
BACK TO REGION FINDER
Borrower Country Sector Instrument Currency Size Timing Notes
Targeting DFIs to raise USD 520m of debt for South Boulder Mines Eritrea Mining Loan USD 520 1H14 USD 740m Colluli open-pit potash mine. Looking for funding as it expands Eritrean Zara Mining Eritrea Mining - - 2014 footprint. Negotiating USD 417m debt tranche for Dallol Allana Potash Corp. Ethiopia Mining Loan USD 417 1Q14 Potash project.
Raising funds in conjunction with IFC for Tsemex Hotels Ethiopia Real estate Loan USD 37.7 2014 business hotel in Addis Ababa.
Financial ABC Bank Kenya - KES 1,000 1Q14 Issuing a KES 1bn bond via private placement. services
Financial Seeking to raise financing via domestic bonds Chase Bank Kenya Loan/Bond - 1Q14 services and other debt instruments.
Seeking to raise USD 300m in financing and Financial Ecobank Kenya Kenya Loan USD 300 1H14 a further KES 1bn (USD 12m) to fund its services deal pipeline.
Financial Looking to raise USD 20m from DFIs. Fountain Credit Kenya Loan USD 20 1Q14 services READ MORE
Financial Seeking to raise USD 10m-USD 15m of debt Gulf African Bank Kenya Loan USD 10 2014 services in 2014.
● 28 EAST AFRICA (contd)
Borrower Country Sector Instrument Currency Size Timing Notes
Funding target trimmed from KES 3bn to Habitat Afrique Kenya Real estate - KES 800 1H14 KES 800m; in talks for 10-year bilateral loan. READ MORE
Syndicating USD 1.3bn aircraft-finance loan Kenya Airways Kenya Transport Loan USD 1500 2Q14 package; US Ex-Im guarantee arranged. READ MORE Expected to mandate a lead arranger for a USD 1.5bn syndicated loan needed to finance the first Kenya (Government of) Kenya Government Loan USD 1500 4Q13 phase of the Lamu Port-South Sudan-Ethiopia Transport Corridor (Lapsset) project.
Sovereign Kenya (Government of) Kenya Government USD 1500 2Q14 Planning to issue up to USD 1.5bn in Eurobonds. bond
Kenya Electricity Generating Kenya Energy Loan USD 100 - Seeking USD 100m in loans. Company Limited
International banks pitching for mandate to Kenya Pipeline Company Kenya Industrials Loan USD 500 2014 arrange loan. READ MORE
Standard Chartered chosen as advisor for the Kenya Roads Board Kenya Transport Bond USD 500 2H14 feasibility study and structuring of proposed USD 500m infrastructure bond. READ MORE
Syndicating a USD 90m loan underwritten by Kinangop Wind Farm Kenya Energy Loan USD 90 1Q14 CFC Stanbic.
Kwale International Consumer: Sovereign Planning to raise funds to construct an ethanol Kenya USD - 2Q14 Sugar Co. Ltd foods bond plant and a higher-education centre.
Lake Turkana Wind Power Kenya Energy Loan EUR 438 2014 Debt package for power project signed.
Consumer: Nakumatt Kenya Loan USD 50 1Q14 Considering debt financing options. retail
Issued a January RFP for KES 8bn (USD 93m) National Housing Corporation Kenya Real estate Bond KES 8000 - local-currency bond.
Financial Now looking at private-placement market for Shelter Afrique Kenya Loan USD 100 2014 services up to USD 100m. READ MORE
Needs to raise debt for aircraft buys. Sky Aero Kenya Transport Loan USD 4 2014 READ MORE
Financial In early discussions for USD 50m-USD 100m The Mortgage Company Kenya Loan USD 100 2H14 services loan. READ MORE
Discussing USD 20m loan for Nairobi hotel, plus TPS Eastern Africa Kenya Leisure - USD - 1H14 DFI loans and local bonds.
In discussions with local and international Financial UAP Holdings Kenya Loan - - 2014 lenders for debt to back its expansion in services Africa. READ MORE
● 29 EAST AFRICA (contd)
Borrower Country Sector Instrument Currency Size Timing Notes
Needs funding for USD 265m capex backing Intra Energy Corp Malawi Energy - USD 265 2015 coal-fired power plant. READ MORE
Telekom Networks Malawi Malawi Telecoms Loan USD 14 1H14 Discussing options to raise short-term debt.
Financial Seeking credit line for trade finance Barak Fund Management Mauritius Loan USD 200 2H14 services on-lending. READ MORE
Financial In early discussions for USD 15m-USD 20m Bayport Management Mauritius Bond ZMW - 1H14 services corporate bond on Zambian market.
Financial In talks with investors to back African agribusi- Databank Agrifund Managers Mauritius - USD - 4Q13 services ness SME fund.
Syndicating a USD 125m one-year loan. Export Trading Group Mauritius Agriculture Loan USD 125 1H14 READ MORE
Export Trading Group Mauritius Agriculture Loan USD 100 2H14 In early talks for second syndicated facility.
Private equity sponsor could seek debt for Guanomad Mauritius Agriculture Loan - - 2014 support growth.
Smile Telecoms Holdings Mauritius Telecoms Loan USD 320 1H14 Syndicating USD 320m loan. READ MORE
Raising USD 90m to develop a bioethanol Sunbird Bioenergy Mauritius Energy - USD 90 2014 refinery in Edo State. READ MORE
Needs USD 7m to finish bankable feasibility Auroch Minerals Mozambique Mining - USD 7 2H14 study on Manica gold project. READ MORE
Cesul (Mozambique Regional Financing needed for electrical Mozambique Energy Loan USD 1,300 2015 Transmission Backbone Project) transmission line. READ MORE
Financial Closing USD 100m Mozambique Private Equity Eurofin Capital Mozambique - USD 100 1H14 services Fund in 1H14.
Maputo Port Development Co Mozambique Transport - USD 500 1H14 Aiming to raise about USD 500m.
Approaching the market to raise USD 20m in Fusion Investment Rwanda Real estate Loan USD 20 1H14 senior debt for Kigali Heights development. Management READ MORE
Seeking USD 15m to build fibre-optic national Dalkom Somalia Somalia Telecoms Loan USD 15 - backbone in Somalia.
Wants USD 50m loan for logistics subsidiary Butiama Resources Tanzania Transport - USD 50 1H14 Hasab Limited. READ MORE
Considering raising debt to fund its expansion DSM Corridor Group Tanzania Transport - - - 2015 plans over the next two years.
● 30 EAST AFRICA (contd)
Borrower Country Sector Instrument Currency Size Timing Notes
Needs funding for USD 430m capex backing Intra Energy Corp Tanzania Energy - USD 430 2015 coal-fired power plant. READ MORE
Will approach lenders for USD 30m to back Kibaran Resources Tanzania Mining Loan USD 30 2015 Mahenge graphite project. READ MORE
Tanzania (Govt of) Tanzania Government Bond USD - 2014 Citigroup to arrange a Eurobond.
Tanzania Electric Loan syndicated; awaiting government sign-off Tanzania Energy Loan TZS 408,000 Q4 2013 Supply Company for disbursal.
Tanzania Mortgage Financial Tanzania Bond TZS - 4Q13 Seeking advisors for local-currency bond issue. Refinance Co. services
Plans to raise USD 500m internationally for a African Alliance Uganda Uganda Real estate - USD 500 1H14 property fund.
Financial National Insurance Corporation Uganda Bond UGX - 2014 Preparing the ground for a 2014 debt placement. services
Seeking investors to fund USD 867m of Uganda (Govt of) Uganda Government Loan USD - 2014 upgrade works.
Seeking funding for Uganda-South Sudan Uganda (Govt of) Uganda Government - USD - - railway expecting to cost USD 2bn.
Seeking PPP investors to fund petroleum Uganda (Govt of) Uganda Government Loan USD - - distribution terminal.
Uganda Electricity Looking to raise up to USD 370m to install 150 Uganda Government - USD 370 2014 Transmission Co. megawatts of solar generation capacity.
Looking to raise USD 5m revolver for UpEnergy Uganda Energy Loan USD 5 2014 expansion plans. READ MORE
Financial AB Bank Zambia - - - 2014 Planning 2014 fundraising. services
Mauritius-based provider of unsecured credit in Financial Bayport Management Zambia Bond ZMW - 1H14 Africa in early discussions for USD 15m-USD 20m services corporate bond to be issued on Zambian market.
Building Energy Spa Zambia Energy Loan - - 2014 Raising debt for 15MW power project in Zambia.
Considering long-term facilities to refinance Copperbelt Energy Corp Zambia Energy Loan USD 55 1H14 USD 55m August 2013 bridge loan.
● 31 EAST AFRICA (contd)
Borrower Country Sector Instrument Currency Size Timing Notes
Priced senior bond due 2022 with a 7.25% First Quantum Minerals Zambia Mining Bond USD 850 2Q14 coupon. READ MORE
Increased USD 2.5bn syndicated loan to First Quantum Minerals Zambia Mining Loan USD 3,000 2Q14 USD 3bn; deal signed. READ MORE
Planning a USD 500m Eurobond; pending Lusaka City Council Zambia Government Bond USD 500 4Q13 regulatory approval.
Working toward financial close on 12-year loan Maamba Collieries Zambia Mining Loan USD 520 2Q14 for power plant.
Set to complete financing of USD 2bn Zambia Electricity Supply Corp Zambia Energy Loan USD 2,000 2014 Kafue Gorge Lower Hydropower Project by (Zesco) year-end. READ MORE
Working on sovereign loan with Citigroup and Zambia (Govt of) Zambia Government Loan USD 250 1Q14 Standard Chartered.
Priced a USD 1bn 8.5% 2024 Eurobond via Zambia (Govt of) Zambia Government Bond USD 1,000 2014 Barclays and Deutsche Bank. READ MORE
Seeking to raise USD 50m through a mix of debt AICO Africa Limited Zimbabwe Agriculture Loan USD - - and equity.
Raising USD 200m in debt and equity for Bilboes Zimbabwe Mining Loan USD 200 - Isabella-McCays-Bubi sulphide complex.
In discussions with a European DFI for a loan of Databank Agrifund Zimbabwe Agriculture Loan USD 5 - at least USD 5m to be disbursed to Interfresh. READ MORE
Consumer: Looking to raise around USD 9m for domestic Dendairy Zimbabwe - USD 9 1Q14 foods acquisitions.
Set to sign five-year group-level loan via Econet Wireless Zimbabwe Telecoms Loan USD 150 1Q14 Afreximbank.
Mashonaland Holdings Zimbabwe Real estate - USD 15 2H14 Looking for USD 15m debt. READ MORE
Looking to raise USD 5m to set up a series of Mineral Resources & Solutions Zimbabwe Mining - USD 5 2014 remote gold stamp mills in rural Zimbabwe. READ MORE
Financial Completing legal documentation for USD 10m NMB Bank Zimbabwe Loan USD 10 1Q14 services DFI credit line.
Sable Chemicals Zimbabwe Chemicals - USD 20 1Q14 Approaching lenders for USD 20m debt.
● 32 NORTH AFRICA Algeria Egypt Libya Morocco Tunisia
BACK TO REGION FINDER
Borrower Country Sector Instrument Currency Size Timing Notes
Plans to approach Algerian banks for Hodna Cement Algeria Construction Loan USD 350 2H14 project finance for USD 350m cement plant. READ MORE
Egyptian Mortgage Financial Seeking financial advisor for EGP 100m- Egypt Bond EGP 100 1H14 Refinance Company services EGP 200m bond. READ MORE
Negotiating working capital facilities with Ghabbour Auto Egypt Automotive Loan USD - 1H14 Egyptian and international banks to fund its Algerian and Libyan operations.
Negotiating EGP 1.8bn long-term loan to finance Talaat Moustafa Holding Group Egypt Real estate Loan EGP 1,800 2014 expansion project in El-Rehab.
Raising EGP 3bn (USD 435m) via a club loan Upper Egypt Electricity P Egypt Energy Loan EGP 3,000 1Q14 arranged by six local banks to part-finance roduction Company construction of the South Helwan plant.
Financial Mandated international banks for upcoming Attijariwafa Bank Morocco Bond USD 500 - services USD 500m bond issue.
Raising about USD 35m in debt to back the Maya Gold & Silver Morocco Mining Loan USD 35 - development of two mines in Morocco. READ MORE
Morocco (Govt of) Morocco Government Bond USD - 2014 Holding discussions with banks for sukuk.
Priced USD 1.25bn 5.625% 2024 bond and Office Cherifien USD 300m 6.875% 2044 notes; 30-year Morocco Chemicals Bond USD 1,850 2Q14 des Phophates tranche later tapped for additional USD 300m. READ MORE
● 33 NORTH AFRICA (contd)
Borrower Country Sector Instrument Currency Size Timing Notes
Launched a USD 270m 1.5-year loan via SAMIR Morocco Energy Loan USD 270 1H14 Natixis. READ MORE
Entreprise Tunisienne Seeking new USD 100m syndicated loan from Tunisia Energy Loan USD 100 - D'Activities Petrolieres international banks.
Holding talks with JBIC for sale of a Tunisia (Govt of) Tunisia Government Bond JPY - 1H14 yen-denominated bond.
Nearing financial close on five-year club loan. Vodafone Egypt Egypt Telecoms Loan EGP 4,000 - READ MORE
● 34 SOUTHERN AFRICA Botswana Lesotho Namibia South Africa Swaziland
BACK TO REGION FINDER
Borrower Country Sector Instrument Currency Size Timing Notes
Financial Pushed back Eurobond roadshow after ABC Holdings Limited Botswana Bond USD 150 2Q14 services acquisition by Atlas Mara. READ MORE
Looking to raise up to USD 41m to back mining African Nickel Botswana Mining - USD 41 2014 projects in Botswana, Namibia and South Africa.
Financial BancABC Botswana Loan USD 150 1Q14 Looking to raise a debut Eurobond. services
Looking for JV partners with financial backing Lesotho (Govt of) Lesotho Government - - - 2014 for power projects. READ MORE
Seeking investment deals in water, energy, Lesotho (Govt of) Lesotho Government - - - 2014 tourism, agriculture and infrastructure sectors. READ MORE
Looking to raise up to USD 41m to back mining African Nickel Namibia Mining - USD 41 2014 projects in Botswana, Namibia and South Africa. READ MORE
Financial Hopes to close USD 200m first funding on Groot Group Ltd. Namibia Loan USD 200 1H14 services Tses Glass project by March/April.
Financial Groot Group Ltd. Namibia Loan USD 85 4Q13 Lining up funding for steel mill. services
Seeking asset-backed credit lines to finance Kombat Copper Namibia Mining Loan USD 30 2014 the rehabilitation of flooded mine shafts.
Aimed to reach fundraising stage on USD 320m Namibian Marine Phosphate Namibia Mining Loan USD 190 1H14 Sandpiper project by end-2013; 60:40 debt- equity split.
● 35 SOUTHERN AFRICA (contd)
Borrower Country Sector Instrument Currency Size Timing Notes
Set to appoint mandated lead arrangers NamPower Namibia Energy Loan USD 800 2H14 for a USD 800m loan to finance the Kudu power project. READ MORE Plans to raise about NAD 150m (USD 14m) in Oshakati Premier Electric Namibia Energy Loan NAD 250 2014 debt to part-finance greenfield solar plant. READ MORE Actively prospecting Middle East, Asian and African Bank Investments Financial South Africa - - - 1H14 non-dollar European markets for funds. Limited services READ MORE Looking to raise up to USD 41m to back mining African Nickel South Africa Mining - USD 41 2014 projects in Botswana, Namibia and South Africa.
Wants to raise about ZAR 85m in debt and African Radiant Rationale South Africa Energy - ZAR - 2014 equity for planned 5MW solar project. READ MORE
Set for early refinancing talks ahead of March Airports Company South Africa South Africa Transport - ZAR 1,800 2014 2016 maturities.
Financial Looking to raise USD 50m in mezzanine funds Alpha Reign South Africa Loan USD 50 1H14 services for SME fund. READ MORE
Financial Looking to raise about ZAR 300m (USD 34.8m) Ardor SA Limited South Africa Loan ZAR 180 2014 services in debt capital.
Arranged a new ZAR 650m (USD 62.2m) term Arrowhead Properties South Africa Real estate - ZAR 650 2014 loan with a South African bank. READ MORE
Looking to issue a bond of ZAR 600m. Ascendis Health South Africa Medical Bond ZAR 600 2Q14 READ MORE
Raising debt for a 17.5MW biomass project in Building Energy Spa South Africa Energy Loan USD - 1H14 South Africa.
Chemspec Specialities South Africa Chemicals - - - - Actively looking for cheaper sources of funding.
Plans to approach banks for project finance of Coal of Africa South Africa Mining Loan ZAR 400 1H14 around ZAR 380m-ZAR 400m to fund expansion at Vele colliery. READ MORE
Plans to raise about USD 500m to part-fund a Colenso Power South Africa Energy Loan USD 500 2015 USD 740m integrated coal and power project in KwaZulu-Natal. READ MORE
Agreed USD 300m-USD 350m of loans Financial DBSA South Africa Loan USD - 1Q14 with JPMorgan and Rand Merchant Bank. services READ MORE
Financial Seeking additional bilateral loan of up to DBSA South Africa Loan USD 75 3Q14 services USD 75m from JPMorgan. READ MORE
Financial Exploring options for ZAR 1bn-ZAR 2bn green DBSA South Africa Bond - - 2014 services bond, possible Eurobond. READ MORE
Dipula Property Fund Pty Ltd South Africa Real estate Bond ZAR - 2014 Preparing rand-denominated bond issue.
● 36 SOUTHERN AFRICA (contd)
Borrower Country Sector Instrument Currency Size Timing Notes
Preferred bidders picked for loan and DMTN Durban (City of) South Africa Government Loan ZAR 1,500 1H14 programme; considering additional funding for public transport project.
Looking to raise ZAR 260m to launch manganese Emang Mmogo Mining South Africa Mining - ZAR 160 1Q14 mining project in Northern Cape.
Plans to raise about ZAR 4bn (USD 383m) in Ekurhuleni (Municipality) South Africa Government - ZAR 4,000 2014 debt over the next three years.
Financial Negotiating agreement for dual-tranche loan FirstRand Bank South Africa Loan USD 250 1Q14 services syndication.
Consumer: Syndicating a EUR 359m-equivalent refi loan Foodcorp South Africa Loan ZAR - 2Q14 Foods to fund bond buyback. READ MORE
Eyeing new term debt to help fund possible Fortress Income Fund South Africa Real estate - ZAR - 2014 ZAR 1bn development pipeline. READ MORE
Evaluating capex requirement for Maputo coal Grindrod South Africa Transport Loan USD - 1H14 terminal expansion.
Likely to refinance bulk of Tiber Property Growthpoint South Africa Real estate Loan ZAR 1,560 1H14 Group's existing debt.
Likely to seek further funding from mid-2015 Hans Merensky South Africa Agriculture - - - 1H15 to mid-2016. READ MORE
In talks with banks to raise ZAR 100m-ZAR 200m Hulamin South Africa Industrials - ZAR 200 2014 for additional aluminium processing and recycling equipment. READ MORE
Ikwezi Mining South Africa Mining Loan ZAR 200 1Q14 Finalising loan for Ntendeka project.
Financial Innovent South Africa - USD 50 1H14 Seeking growth capital. services
Financial Looking to raise up to USD 1.8bn for two new International Housing Solutions South Africa Loan USD 1,800 2014 services housing funds.
Iron Mineral Seeking to raise ZAR 560m in debt for roll-out South Africa Industrials Loan ZAR 560 4Q13 Beneficiation Services of Phalaborwa iron beneficiation plant.
Looking to finance a USD 450m iron ore project Jindal Africa South Africa Mining - USD 270 2014 on 60:40 debt-to-equity basis. READ MORE
Land and Agricultural Develop- Financial South Africa Bond ZAR 1,000 2014 Looking to raise ZAR 1bn from European DFIs. ment Bank of South Africa services
● 37 SOUTHERN AFRICA (contd)
Borrower Country Sector Instrument Currency Size Timing Notes
In talks with Rand Merchant Bank (RMB) to Litha Healthcare South Africa Medical - ZAR 200 re-organise around ZAR 200m (USD 18.5m) of debt. READ MORE Plans to reach a first close of ZAR 500m Financial Makalani South Africa - ZAR 500 3Q14 (USD 46m) on its ZAR 1bn Fund 2 in services September. READ MORE
Signed a USD 1bn five-year syndicated MTN Group South Africa Telecoms Loan USD 1,000 1Q14 revolving credit facility. READ MORE
Could look at debt funding for larger tailings Mwana Africa South Africa Mining - - - 2H14 plant at Freda Rebecca. READ MORE
Evaluating various financing options for Pele Green Energy South Africa Energy - - - 2015 renewable energy projects. READ MORE
Plans to raise about USD 90m in debt for its Peninsula Energy South Africa Mining Loan USD 90 2015 Karoo project. READ MORE Fundraising to back investments in Pewu Holdings South Africa Energy - USD 20 - renewable energy sector in South Africa and Sub-Saharan Africa. READ MORE Plans to approach lenders on a project-specific Pretoria Portland Cement South Africa Construction Loan ZAR 2,000 1H14 basis for work totalling about ZAR 2bn.
Will appoint advisors for bond issue between Rebosis Property Fund South Africa Real estate Bond ZAR 500 2Q14 ZAR 300m-500m. Aiming to raise c. ZAR 850m (USD 78m) in debt Recor South Africa Energy - ZAR 850 2H14 to back bio-energy projects; in talks with IDC. READ MORE Looking for funds to back expansion of RBT Resources South Africa Transport Loan ZAR 1,750 1Q14 Grindrod’s Navitrade terminal at Richards Bay Coal Terminal. Chemicals and Aiming to raise funds for new projects. Rolfes Holdings South Africa - ZAR 55 2H14 materials READ MORE
Plans to reach agreements over ZAR 2.6bn- Royal Bafokeng Platinum South Africa Mining Loan ZAR 3,000 2H14 ZAR 3bn of debt facilities by year-end. READ MORE
Considering using the listed bond market to Safari Investments South Africa Real estate Bond ZAR 200 2H14 raise ZAR 200m-ZAR 300m. READ MORE
Financial Set to market USD 250m-USD 300m Mauritius- Sanlam South Africa - USD 250 2014 services based credit fund to outside investors.
Considering RFP for long-term debt; plans to Sanral South Africa Transport - ZAR - 2014 issue at least ZAR 500m of bonds a month until March 2015. READ MORE
Could re-visit the bond market as a funding Sentula Mining South Africa Mining Bond ZAR - 2015 option in early 2015.
Has begun ZAR 2.3bn (USD 251m) project fund- Sephaku Fluoride South Africa Mining Loan ZAR 1300 4Q13 raising; consisting of 60% debt and 40% equity. Expecting debt to come from local banks.
Expects to issue USD 500m-plus sukuk by South Africa (Govt of) South Africa Government Bond USD 500 2014 end-2014. READ MORE
● 38 SOUTHERN AFRICA (contd)
Borrower Country Sector Instrument Currency Size Timing Notes
The South African bank’s Ghanaian, Kenyan, Standard Bank of Financial South Africa Loan USD 400 - Nigerian and Ugandan subsidiaries are each South Africa Ltd. services seeking USD 100m two-year loans.
Stanlib Africa Direct Plans to raise about USD 150m in debt at the South Africa Real estate - USD 150 2H14 Property Dev. Fund asset investment level over the next two years.
Raising funds for the acquisition of a Statistics South Africa South Africa Government Loan ZAR 1,800 - new headquarters.
Funding needed to start production at the Sunbird Energy South Africa Energy - USD 1,400 2H14 Ibhubesi gas project. READ MORE
Super Group South Africa Transport Bond ZAR - 2014 Looking to launch a ZAR 2bn DMTN programme.
In early discussions for financing of a railway Tharisa South Africa Mining - - - 2014 project under PPP with Transnet. READ MORE
Launching a new securitisation vehicle that Financial Transaction Capital South Africa Bond ZAR 750 2014 plans to issue ZAR 750m-ZAR 800m bond. services READ MORE
Plans to close a syndicated loan of about TSB Sugar South Africa Agriculture Loan USD 300 4Q14 USD 300m by year-end. READ MORE
Looking to raise ZAR 1.2bn over four years for York Timbers South Africa Agriculture Loan ZAR 1,200 4Q13 capex.
Wants ZAR 600m for an electricity York Timbers South Africa Agriculture Loan ZAR 600 4Q13 co-generation project.
Considering raising up to ZAR 1bn of Zeder South Africa Agriculture - ZAR 1,000 1Q14 HoldCo debt and ZAR 500m apiece for portfolio companies.
● 39 WEST AFRICA Benin Liberia Burkina Faso Mali Cape Verde Mauritania Gambia Niger Ghana Nigeria Guinea Senegal Guinea-Bissau Sierra Leone Ivory Coast Togo
BACK TO REGION FINDER
Borrower Country Sector Instrument Currency Size Timing Notes
Potentially requires USD 315m for Endeavour Mining Burkina Faso Mining Loan USD 315 2014 Hounde project.
Could look to raise debt of up to AUD 50m- Gryphon Minerals Burkina Faso Mining - AUD 60 2014 AUD 60m for Banfora gold project.
Seeking to raise USD 90m-100m in debt for the Agu Palms Condos Ghana Real estate Loan USD 100 4Q13 construction of low-cost housing units in Ghana.
Planning to raise EUR 350m in debt as part of a Asutsuare Water Utilities Ghana Loan EUR 350 4Q13 70:30 debt/equity split to finance EUR 500m Treatment Plant (other) (USD 641m) water treatment project in Ghana.
Seeking funds for 100-unit housing Bellslov Estate Ghana Real estate - USD 10 1H14 development in Accra.
Cenpower Generation Syndicating a USD 400m loan via Ghana Energy Loan USD 400 1Q14 Company Ltd Rand Merchant Bank.
Raising USD 10m in debt and equity to support Danadams Pharmaceuticals Ghana Medical - USD 10 - construction of facility to develop injectable medicines. READ MORE
Seeking USD 21m to refinance debt and DiscoveryTel Ghana Telecoms Loan USD 21 2014 expand West Africa 4G network. READ MORE
Banks asked to submit pricing for annual Ghana Cocoa Board (Cocobod) Ghana Agriculture Loan USD - 1H14 PXF loan. READ MORE
Sent banks a request for quotes for Ghana National Petroleum Corp Ghana Energy Loan USD 500 2H14 USD 500m-USD 700m loan financing. READ MORE
● 40 WEST AFRICA (contd)
Borrower Country Sector Instrument Currency Size Timing Notes
Plans to raise USD 100m in debt and equity Star Africa Ghana Energy Loan USD - 2H14 for oil exploration. READ MORE
Financial Unibank Ghana Ghana - GHS 117 1Q14 Raising the equivalent of USD 50m in cedi. services
Looking for USD 5m in trade finance lines. Xanadu World Ghana Consumer Loan USD 5 2H14 READ MORE
Could tap the market for up to USD 70m to Drake Resources Guinea Mining - USD 70 2014 take forward its African and Scandinavian mining projects.
Guinea- Needs pre-production financing for Farim GB Minerals Mining - USD 166 2014 Bissau phosphate project.
Syndicating aircraft financing facility via Air Cote d'Ivoire Ivory Coast Transport Loan USD 114 3Q14 Afreximbank. READ MORE
Harvest Logistics Ivory Coast Transport Loan EUR 5 2014 Looking for financing for trucks.
Looking for USD 5m to USD 10m to support Inter-Globds Ivory Coast Agriculture Loan USD 5 2014 cashew trade financing. READ MORE
Seeking up to USD 80m in debt for USD 160m Cavalla Resources Liberia Mining Loan USD 80 2015 Buchanan Project. READ MORE
Likely to start project finance process for Hummingbird Resources Liberia Mining - - - 2H14 Dugbe 1 in 2H14.
Looking to substantially upgrade power- Liberia (Govt of) Liberia Government - - - - generation capacity in the next five years. READ MORE
Needs funding to develop 50-million-tonne Great Quest Metals Mali Mining - USD 160 2014 Tilemsi phosphate project.
Consortium working with financial advisor, Aiteo-Taleveras Nigeria Energy Loan - - 2H14 FBN Capital, for USD 2.85bn proposed acquisition of OML 29 oil block. READ MORE
Working on a USD 500m-USD 1bn loan via Amni International Petroleum Nigeria Energy Loan USD 500 2H14 First City Monument Bank and Standard Chartered. READ MORE
In talks with Nigerian lenders for first USD 60m Amperion Nigeria Energy Loan USD 60 2H14 tranche of Geregu I capex programme. READ MORE
● 41 WEST AFRICA (contd)
Borrower Country Sector Instrument Currency Size Timing Notes
Financial Plans to set up an MTN programme and a Africa Finance Corporation Nigeria Bond USD 350 2014 services USD 350m-plus Eurobond. READ MORE
In discussions for financing for acquisition of African Industries Nigeria Conglomerate Loan USD 200 1H14 Omotosho power plant.
Raising senior loans via DFIs and commercial Azura-Edo IPP Nigeria Energy Loan USD 467 2014 banks with ECA support and/or PRI.
In financing phase for proposed metro fibre Backbone Connectivity Network NIgeria Telecoms - USD 25 1H14 networks in Lagos.
Sovereign Planning to raise at least USD 1bn in Bayelsa (Federal state of) Nigeria Government USD - 1H14 bond US dollar-financing.
Financing agreements in place for Chevron asset Brittania-U Nigeria Energy Loan USD 1200 - purchase; deal held up by legal dispute.
Standard Chartered mandated for seven-year Century Power Generation Nigeria Energy Loan USD 500 - syndicated loan for greenfield power plant. READ MORE
United Bank for Africa appointed to raise capex Copperbelt Energy Corp Nigeria Energy Loan USD - 1H14 funds for rehabilitation of Abuja Electricity Distribution Co.
Seeking senior debt comprising mortgage, Crystal Thorpe Nigeria Medical Loan USD 13 2H14 construction financing and an RCF. READ MORE
Waiting for final approval of NGN 50bn (USD 308m) loan under Central Bank of Nigeria Dangote Group Nigeria Conglomerate Loan NGN 50,000 2H14 funding scheme; proceeds earmarked for its urea fertiliser plant. READ MORE
Plans to issue a USD 300m Eurobond via Financial Ecobank Nigeria Nigeria Bond USD - 1H14 Deutsche Bank and Standard Chartered. services READ MORE
Raising USD 500m in debt for upgrades; Enugu Electricity Distribution Nigeria Energy - USD 500 - would consider vendor financing and structured financing. READ MORE
Citigroup and Standard Chartered hired as Financial First City Monument Bank Plc Nigeria Bond USD 300 3Q14 lead arrangers for a USD 300m Eurobond. services READ MORE
Looking to refinance USD 167m-equivalent of First Deepwater Discovery Nigeria Energy - USD 167 2014 locally-sourced debt. READ MORE
Could raise financing for Aba II expansion and Geometric Power Nigeria Energy Loan USD - 1H14 Oma power project.
Financial Lining up USD 1.6bn financing syndicate for Groot Group Ltd. Nigeria Loan USD 1600 4Q13 services Sitentu Power Plant. Project on hold.
● 42 WEST AFRICA (contd)
Borrower Country Sector Instrument Currency Size Timing Notes
Financial In the market for new syndicated loan . Guaranty Trust Bank Nigeria Loan USD - 1H14 services READ MORE
Raising funds for middle-income housing devel- Haon Properties Nigeria Real estate Loan USD 15 2014 opment in Lagos State.
Intends to raise USD 350m in debt, inc. a Financial Heritage Bank Nigeria - USD 350 2014 USD 100m convertible bond, to finance services expansion plans. READ MORE
Looking to fund hotel and amusement park Hexagon Networks Nigeria Leisure - USD 20 2014 projects.
Financing for USD 200m greenfield power Honeywell Group Nigeria Energy Loan USD 140 1H14 project in Ogun State on hold pending gas-supply agreements.
Financial Plans to raise a minimum of USD 100m in local Infinity Trust Mortgage Bank Nigeria Bond NGN - 2014 services currency through asset-backed bond.
Actis project raising debt and equity for Abuja Jabi Mall Nigeria Real estate Loan USD - 2014 shopping mall.
Developing a 2,000-hectare integrated and Kohath Investment Nigeria Agriculture Loan USD 20 2014 mechanised rice production business in Kwara State. READ MORE
Standard Chartered and TIB seeking co-MLAs Lagos-Ibadan Expressway Nigeria Transport Loan NGN 50000 1H14 for debt.
Lead arrangers appointed for USD 300m- Mainstream Energy Solutions Nigeria Energy Loan USD 300 1H14 USD 500m capex facility.
Has held talks with banks over financing for Moteriba Nigeria Energy Loan USD - 2014 storage projects in three African countries.
Plans to raise about USD 50m-USD 60m for an M-P Infrastructure Nigeria Telecoms Loan USD 60 2H14 open-access broadband infrastructure project. READ MORE
Raising finance to develop a USD 284.5m Naanovo Energy Nigeria Energy - - - 1H14 modular waste-to-energy power plant in Calabar.
Will seek financing in 2015 to develop assets Neconde Energy NIgeria Energy - USD - 2015 in the Niger Delta OML 42. READ MORE
Considering funding options for energy-sector Nigerian Aviation Handling Co. Nigeria Transport - - - 4Q13 expansion.
Standard Chartered and Diamond Bank Nigerian National Nigeria Energy Loan USD 2500 1H15 mandated to arrange funding for pipeline infra- Petroleum Corporation structure project.
Needs USD 200m of debt and/or equity for Orient Petroleum Resources Nigeria Energy Loan USD 200 2014 2014 capex. READ MORE
● 43 WEST AFRICA (contd)
Borrower Country Sector Instrument Currency Size Timing Notes
Planning debut domestic bond for April 2014. Oyo State Nigeria Government Bond NGN 23,500 2Q14 READ MORE
Seeking up to USD 240m in debt and equity Pearland Energy Nigeria Energy Loan USD - 2H14 to develop assets in the Niger Delta marginal fields. READ MORE Putting together a reserve-based loan of Petrobras Oil & Gas Nigeria Energy Loan USD 700 2Q14 USD 700m-USD 1.4bn secured against its Nigerian assets. READ MORE
Working with Afreximbank on USD 700m- Seplat Petroleum Nigeria Energy Loan USD 700 2Q14 USD 800m refinancing deal. READ MORE
Standard Chartered MLA for debt component of Seplat Petroleum Nigeria Energy Loan USD 450 2Q14 bid for Chevron assets. READ MORE
Closed USD 170m facility with FBN and Financial Seven Energy Nigeria Loan USD 170 2Q14 Ecobank to part-finance acquisition. services READ MORE
Financial Standard Chartered mandated to raise Skye Bank Plc. Nigeria Loan USD 100 1Q14 services USD 100m via a one-year syndicated loan.
JV lining up USD 1.6bn financing syndicate for Sparkle Energy Nigeria Energy Loan USD 1600 2014 Sitentu Power Plant. Project on hold . (see Groot, Namibia).
Financial In advanced discussions for dual-tranche loan Stanbic IBTC Nigeria Loan USD 100 2Q14 services from DFIs. READ MORE
Seeking to raise USD 20m-equivalent debt in Swift Networks Nigeria Telecoms Loan NGN - 4Q13 local currency for growth plan.
Negotiating debt funding for Ughelli’s rehab Transcorp Nigeria Energy Loan USD 1300 - and expansion capex, and raising funds for a Lagos hotel project. READ MORE
UniCem Nigeria Construction Loan USD 680 4Q13 Closed syndicated loan in November 2013.
Financial Syndicating three-year loan via Union Bank of Nigeria Nigeria Loan USD 100 1H14 services Standard Chartered.
Considering raising debt to upgrade Benin Vigeo Power Nigeria Energy Loan USD - 2014 Distribution Company.
Financial RMB and Standard Chartered mandated for a Zenith Bank Nigeria Loan USD 100 1Q14 services USD 100m three-year syndicated loan.
Printed a five-year USD 500m 6.25% Financial Zenith Bank Nigeria Bond USD 500 2Q14 Eurobond at a 98.947 re-offer price with a services yield of 6.5%. READ MORE
● 44 WEST AFRICA (contd)
Borrower Country Sector Instrument Currency Size Timing Notes
Looking to raise USD 15m debt for AfricaStar Holdings Senegal Transport - USD 15 1H14 regional airline.
Planning to issue at least XOF 20bn Dakar (Municipality of) Senegal Government Bond XOF 20,000 1H14 (USD 41.6m) in local currency bonds for infrastructure development. READ MORE
Intends to issue USD 200m sukuk between Senegal (Govt of) Senegal Government Bond USD 200 2Q14 mid-May and mid-June. READ MORE
Planning local-currency sukuk. Senegal (Govt of) Senegal Government Bond XOF 50,000 1H14 READ MORE
Reaching financial close on 'A/B' IFC loan. Tobene Power Senegal Energy Loan USD 95 1H14 READ MORE
Reviewing debt funding targets for Tonkolili African Minerals Limited Sierra Leone Mining Loan USD - 2014 iron ore development.
Planning fundraising process to raise about Joule Africa Sierra Leone Energy - USD 500 2014 USD 500m of debt.
Seeking USD 80m in debt financing to fund Sewa Energy Resources Sierra Leone Energy Loan USD 80 - Sierra Leone power project.
Looking for strategic partners to help refinance Sierratel Sierra Leone Telecoms - USD 50 2H14 or restructure USD 50m of debt and advise on fundraising. READ MORE
Looking to raise funds for a hydroelectric power Smol Pawa Sierra Leone Energy - USD 18 1H14 project in Sierra Leone. READ MORE
● 45 AGRICULTURE/COMMODITIES BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Seeking to raise USD 50m through a mix of AICO Africa Limited Zimbabwe East Africa Loan USD - - debt and equity.
In discussions with a European DFI for a loan of Databank Agrifund Zimbabwe East Africa Loan USD 5 - at least USD 5m to be disbursed to Interfresh. READ MORE
Syndicating a USD 125m one-year loan. Export Trading Group Mauritius East Africa Loan USD 125 1H14 READ MORE
Export Trading Group Mauritius East Africa Loan USD 100 2H14 In early talks for second syndicated facility.
Banks asked to submit pricing for annual Ghana Cocoa Board (Cocobod) Ghana West Africa Loan USD - 1H14 PXF loan. READ MORE
Private equity sponsor could seek debt for Guanomad Mauritius East Africa Loan - - 2014 support growth.
Southern Likely to seek further funding from mid-2015 Hans Merensky South Africa - - - 1H15 Africa to mid-2016. READ MORE
Looking for USD 5m to USD 10m to support Inter-Globds Ivory Coast West Africa Loan USD 5 2014 cashew trade financing. READ MORE
Developing a 2,000-hectare integrated and Kohath Investment Nigeria West Africa Loan USD 20 2014 mechanised rice production business in Kwara State. READ MORE
Southern Plans to close a syndicated loan of about TSB Sugar South Africa Loan USD 300 4Q14 Africa USD 300m by year-end. READ MORE
Southern Looking to raise ZAR 1.2bn over four years for York Timbers South Africa Loan ZAR 1,200 4Q13 Africa capex.
Southern Wants ZAR 600m for an electricity York Timbers South Africa Loan ZAR 600 4Q13 Africa co-generation project.
Considering raising up to ZAR 1bn of Southern Zeder South Africa - ZAR 1,000 - HoldCo debt and ZAR 500m apiece for Africa portfolio companies.
● 46 AUTOMOTIVE BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Negotiating working capital facilities with Egyp- Ghabbour Auto Egypt North Africa Loan USD - 1H14 tian and international banks to fund its Algerian and Libyan operations.
CHEMICALS
Borrower Country Region Instrument Currency Size Timing Notes
Southern Raising 2:1 debt-equity structure to finance Chemspec Specialities South Africa - - - - Africa fertiliser project worth USD 1.5bn-USD 2bn.
Waiting for final approval of NGN 50bn (USD 308m) loan under Central Bank of Nigeria Dangote Group Nigeria West Africa Loan NGN 50,000 2H14 funding scheme; proceeds earmarked for its urea fertiliser plant. READ MORE
Gabon Fertiliser Company Gabon Central Africa Loan USD 1,000 4Q13 Actively looking for cheaper sources of funding.
Priced USD 1.25bn 5.625% 2024 bond and Office Cherifien USD 300m 6.875% 2044 notes; 30-year Morocco North Africa Bond USD 1,850 2Q14 des Phophates tranche later tapped for additional USD 300m. READ MORE
Southern Aiming to raise funds for new projects. Rolfes Holdings South Africa - ZAR 55 2H14 Africa READ MORE
Sable Chemicals Zimbabwe East Africa - USD 20 - Approaching lenders for USD 20m debt.
CONSTRUCTION
Borrower Country Region Instrument Currency Size Timing Notes
Plans to approach Algerian banks for Hodna Cement Algeria North Africa Loan USD 350 2H14 project finance for USD 350m cement plant. READ MORE Southern Plans to approach lenders on a project-specific Pretoria Portland Cement South Africa Loan ZAR 2,000 1H14 Africa basis for work totalling about ZAR 2bn.
UniCem Nigeria West Africa Loan USD 680 4Q13 Closed syndicated loan in November 2013.
● 47 CONSUMER: FOODS, RETAIL BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes Looking to raise around USD 9m for Dendairy Zimbabwe East Africa - USD 9 1Q14 domestic acquisitions.
Southern Syndicating a EUR 359m-equivalent refi loan Foodcorp South Africa Loan ZAR - 2Q14 Africa to fund bond buyback. READ MORE
Kwale International Sovereign Planning to raise funds to construct an ethanol Kenya East Africa USD - 2Q14 Sugar Co. Ltd bond plant and a higher-education centre.
Nakumatt Kenya East Africa Loan USD 50 - Considering debt financing options
Looking for USD 5m in trade finance lines. Xanadu World Ghana West Africa Loan USD 5 2H14 READ MORE
ENERGY BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Wants to raise about ZAR 85m in debt and Southern African Radiant Rationale South Africa - ZAR - 2014 equity for planned 5MW solar project. Africa READ MORE
Consortium working with financial advisor, Aiteo-Taleveras Nigeria West Africa Loan - - 2H14 FBN Capital, for USD 2.85bn proposed acquisition of OML 29 oil block. READ MORE
Working on a USD 500m-USD 1bn loan via Amni International Petroleum Nigeria West Africa Loan USD 500 2H14 First City Monument Bank and Standard Chartered. READ MORE
In talks with Nigerian lenders for first USD 60m Amperion Nigeria West Africa Loan USD 60 2H14 tranche of Geregu I capex programme. READ MORE
Raising senior loans via DFIs and commercial Azura-Edo IPP Nigeria West Africa Loan USD 467 2014 banks with ECA support and/or PRI. Financing agreements in place for Chevron asset Brittania-U Nigeria West Africa Loan USD 1,200 - purchase; deal held up by legal dispute.
Southern Raising debt for a 17.5MW biomass project in Building Energy Spa South Africa Loan USD - 1H14 Africa South Africa.
Building Energy Spa Zambia East Africa Loan - - 2014 Raising debt for 15MW power project in Zambia.
Signed a reserve-based syndicated loan Caracal Energy Chad North Africa Loan USD 140 2Q14 financing for Chad assets. READ MORE
● 48 ENERGY BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Cenpower Generation Syndicating a USD 400m loan via Ghana West Africa Loan USD 400 1Q14 Company Ltd Rand Merchant Bank. READ MORE
Standard Chartered mandated for seven-year Century Power Generation Nigeria West Africa Loan USD 500 - syndicated loan for greenfield power plant. Cesul (Mozambique Regional Southern Financing needed for electrical transmission Mozambique Loan USD 1,300 2015 Transmission Backbone Project) Africa line. READ MORE Plans to raise about USD 500m to part-fund Southern Colenso Power South Africa Loan USD 500 2015 a USD 740m integrated coal and power Africa project in KwaZulu-Natal. READ MORE
United Bank for Africa appointed to raise Copperbelt Energy Corp Nigeria West Africa Loan USD - 1H14 capex funds for rehabilitation of Abuja Electricity Distribution Co.
Considering long-term facilities to refinance Copperbelt Energy Corp Zambia East Africa Loan USD 55 - USD 55m August 2013 bridge loan.
Entreprise Tunisienne Seeking new USD 100m syndicated loan from Tunisia North Africa Loan USD 100 - D'Activities Petrolieres international banks.
Raising USD 500m in debt for upgrades; Enugu Electricity Distribution Nigeria West Africa - USD 500 - would consider vendor financing and structured financing. READ MORE
Looking to refinance USD 167m-equivalent of First Deepwater Discovery Nigeria West Africa - USD 167 2014 locally-sourced debt. READ MORE
Could raise financing for Aba II expansion and Geometric Power Nigeria West Africa Loan USD - 1H14 Oma power project.
Sent banks a request for quotes for USD 500m- Ghana National Petroleum Corp Ghana West Africa Loan USD 500 2H14 USD 700m loan financing. READ MORE
Financing for USD 200m greenfield power Honeywell Group Nigeria West Africa Loan USD 140 1H14 project in Ogun State on hold pending gas- supply agreements.
Needs funding for USD 265m capex backing Intra Energy Corp Malawi East Africa - USD 265 2015 coal-fired power plant. READ MORE
Needs funding for USD 430m capex backing Intra Energy Corp Tanzania East Africa - USD 430 2015 coal-fired power plant.
Planning fundraising process to raise about Joule Africa Sierra Leone West Africa - USD 500 2014 USD 500m of debt.
● 49 ENERGY BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Kenya Electricity Generating Kenya East Africa Loan USD 100 - Seeking USD 100m in loans. Company Limited
Syndicating a USD 90m loan underwritten by Kinangop Wind Farm Kenya East Africa Loan USD 90 1Q14 CFC Stanbic.
Lake Turkana Wind Power Kenya East Africa Loan EUR 438 2014 Debt package for power project signed.
Lead arrangers appointed for USD 300m- Mainstream Energy Solutions Nigeria West Africa Loan USD 300 1H14 USD 500m capex facility.
Has held talks with banks over financing for Moteriba Nigeria West Africa Loan USD - 2014 storage projects in three African countries.
Raising finance to develop a USD 284.5m Naanovo Energy Nigeria West Africa - - - 1H14 modular waste-to-energy power plant in Calabar.
Set to appoint mandated lead arrangers Southern NamPower Namibia Loan USD 800 2H14 for a USD 800m loan to finance the Kudu Africa power project. READ MORE
Will seek financing in 2015 to develop assets Neconde Energy NIgeria West Africa - USD - 2015 in the Niger Delta OML 42. READ MORE
Standard Chartered and Diamond Bank Nigerian National Nigeria West Africa Loan USD 2,500 1H15 mandated to arrange funding for pipeline Petroleum Corporation infrastructure project.
Needs USD 200m of debt and/or equity for Orient Petroleum Resources Nigeria West Africa Loan USD 200 2014 2014 capex. READ MORE
Plans to raise about NAD 150m (USD 14m) in Southern Oshakati Premier Electric Namibia Loan NAD 250 2014 debt to part-finance greenfield solar plant. Africa READ MORE
Seeking up to USD 240m in debt and equity Pearland Energy Nigeria West Africa Loan USD - 2H14 to develop assets in the Niger Delta marginal fields. READ MORE
Southern Evaluating various financing options for Pele Green Energy South Africa - - - 2015 Africa renewable energy projects. READ MORE
● 50 ENERGY BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Putting together a reserve-based loan of Petrobras Oil & Gas Nigeria West Africa Loan USD 700 2Q14 USD 700m-USD 1.4bn secured against its Nigerian assets. READ MORE
Fundraising to back investments in Southern Pewu Holdings South Africa - USD 20 - renewable energy sector in South Africa and Africa Sub-Saharan Africa. READ MORE
Aiming to raise c. ZAR 850m (USD 78m) in debt Southern Recor South Africa - ZAR 850 2H14 to back bio-energy projects; in talks with IDC. Africa READ MORE
Launched a USD 270m 1.5-year loan via SAMIR Morocco North Africa Loan USD 270 1H14 Natixis. READ MORE
Standard Chartered MLA for debt component Seplat Petroleum Nigeria West Africa Loan USD 450 2Q14 of bid for Chevron assets. READ MORE
Working with Afreximbank on USD 700m- Seplat Petroleum Nigeria West Africa Loan USD 700 2Q14 USD 800m refinancing deal. READ MORE
Closed USD 170m facility with FBN and Seven Energy Nigeria West Africa Loan USD 170 2Q14 Ecobank to part-finance acquisition. READ MORE
Seeking USD 80m in debt financing to fund Sewa Energy Resources Sierra Leone West Africa Loan USD 80 - Sierra Leone power project.
Looking to raise funds for a hydroelectric power Smol Pawa Sierra Leone West Africa - USD 18 1H14 project in Sierra Leone. READ MORE
JV lining up USD 1.6bn financing syndicate for Sparkle Energy Nigeria West Africa Loan USD 1,600 2014 Sitentu Power Plant. Project on hold (see Groot, Namibia).
● 51 ENERGY BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Plans to raise USD 100m in debt and equity Star Africa Ghana West Africa Loan USD - 2H14 for oil exploration. READ MORE
Raising USD 90m to develop a bioethanol Sunbird Bioenergy Mauritius East Africa - USD 90 2014 refinery in Edo State, Nigeria. READ MORE
Southern Funding needed to start production at the Sunbird Energy South Africa - USD 1400 2H14 Africa Ibhubesi gas project. READ MORE
Tanzania Electric Loan syndicated; awaiting government sign-off Tanzania East Africa Loan TZS 408,000 4Q13 Supply Company for disbursal.
Reaching financial close on 'A/B' IFC loan. Tobene Power Senegal West Africa Loan USD 95 1H14 READ MORE
Negotiating debt funding for Ughelli’s rehab Transcorp Nigeria West Africa Loan USD 1300 - and expansion capex, and raising funds for a Lagos hotel project. READ MORE
Raising EGP 3bn (USD 435m) via a club loan Upper Egypt Electricity Egypt North Africa Loan EGP 3,000 1Q14 arranged by six local banks to part-finance Production Company construction of the South Helwan plant.
Looking to raise USD 5m revolver for UpEnergy Uganda East Africa Loan USD 5 2014 expansion plans. READ MORE
Considering raising debt to upgrade Vigeo Power Nigeria West Africa Loan USD - 2014 Benin Distribution Company.
Set to complete financing of USD 2bn Zambia Electricity Supply Corp Zambia East Africa Loan USD 2,000 2014 Kafue Gorge Lower Hydropower Project by (Zesco) year-end. READ MORE
● 52 FINANCIAL SERVICES BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
AB Bank Zambia East Africa - - - 2014 Planning 2014 fundraising.
ABC Bank Kenya East Africa - KES 1,000 1Q14 Issuing a KES 1bn bond via private placement.
Southern Pushed back Eurobond roadshow after ABC Holdings Limited Botswana Bond USD 150 2Q14 Africa acquisition by Atlas Mara. READ MORE
Plans to set up an MTN programme and a Africa Finance Corporation Nigeria West Africa Bond USD 350 2014 USD 350m-plus Eurobond. READ MORE
Actively prospecting Middle East, Asian and African Bank Investments Southern South Africa - - - 1H14 non-dollar European markets for funds. Limited Africa READ MORE
Southern Looking to raise USD 50m in mezzanine funds Alpha Reign South Africa Loan USD 50 1H14 Africa for SME fund. READ MORE
Southern Looking to raise about ZAR 300m (USD 34.8m) Ardor SA Limited South Africa Loan ZAR 180 2014 Africa in debt capital.
Mandated international banks for upcoming Attijariwafa Bank Morocco North Africa Bond USD 500 - USD 500m bond issue.
Southern BancABC Botswana Loan USD 150 1Q14 Looking to raise a debut Eurobond. Africa
Seeking credit line for trade finance Barak Fund Management Mauritius East Africa Loan USD 200 2H14 on-lending. READ MORE
In early discussions for USD 15m-USD 20m Bayport Management Mauritius East Africa Bond ZMW - 1H14 corporate bond on Zambian market.
Mauritius-based provider of unsecured credit in Bayport Management Zambia East Africa Bond ZMW - 1H14 Africa in early discussions for USD 15m-USD 20m corporate bond to be issued on Zambian market.
● 53 FINANCIAL SERVICES BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Seeking to raise financing via domestic bonds Chase Bank Kenya East Africa Loan/bond - - 1Q14 and other debt instruments.
In talks with investors to back African Databank Agrifund Managers Mauritius East Africa - USD - 4Q13 agribusiness SME fund.
Agreed USD 300m-USD 350m of loans Southern DBSA South Africa Loan USD - 1Q14 with JPMorgan and Rand Merchant Bank. Africa READ MORE
Southern Seeking additional bilateral loan of up to DBSA South Africa Loan USD 75 3Q14 Africa USD 75m from JPMorgan. READ MORE
Southern Exploring options for ZAR 1bn-ZAR 2bn green DBSA South Africa Bond - - 2014 Africa bond, possible Eurobond. READ MORE
Seeking to raise USD 300m in financing and Ecobank Kenya Kenya East Africa Loan USD 300 1H14 a further KES 1bn (USD 12m) to fund its deal pipeline.
Plans to issue a USD 300m Eurobond via Ecobank Nigeria Nigeria West Africa Bond USD - 1H14 Deutsche Bank and Standard Chartered. READ MORE
Egyptian Mortgage Seeking financial advisor for EGP 100m- Egypt North Africa Bond EGP 100 1H14 Refinance Company EGP 200m bond. READ MORE
Closing USD 100m Mozambique Private Equity Eurofin Capital Mozambique East Africa - USD 100 1H14 Fund in 1H14.
Citigroup and Standard Chartered hired as First City Monument Bank Plc Nigeria West Africa Bond USD 300 3Q14 lead arrangers for a USD 300m Eurobond. READ MORE
Southern Negotiating agreement for dual-tranche FirstRand Bank South Africa Loan USD 250 1Q14 Africa loan syndication.
Looking to raise USD 20m from DFIs. Fountain Credit Kenya East Africa Loan USD 20 1Q14 READ MORE
● 54 FINANCIAL SERVICES BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Southern Hopes to close USD 200m first funding on Groot Group Ltd. Namibia Loan USD 200 1H14 Africa Tses Glass project by March/April.
Southern Groot Group Ltd. Namibia Loan USD 85 4Q13 Lining up funding for steel mill. Africa
Lining up USD 1.6bn financing syndicate for Groot Group Ltd. Nigeria West Africa Loan USD 1,600 4Q13 Sitentu Power Plant. Project on hold.
In the market for new syndicated loan . Guaranty Trust Bank Nigeria West Africa Loan USD - 1H14 READ MORE
Seeking to raise USD 10m-USD 15m of debt Gulf African Bank Kenya East Africa Loan USD 10 2014 in 2014.
Intends to raise USD 350m in debt, inc. a Heritage Bank Nigeria West Africa - USD 350 2014 USD 100m convertible bond, to finance expansion plans. READ MORE
Plans to raise a minimum of USD 100m in local Infinity Trust Mortgage Bank Nigeria West Africa Bond NGN - 2014 currency through asset-backed bond.
Southern Innovent South Africa - USD 50 1H14 Seeking growth capital. Africa
Southern Looking to raise up to USD 1.8bn for two new International Housing Solutions South Africa Loan USD 1,800 2014 Africa housing funds.
Land and Agricultural Develop- Southern South Africa Bond ZAR 1,000 2014 Looking to raise ZAR 1bn from European DFIs. ment Bank of South Africa Africa
Plans to reach a first close of ZAR 500m Southern Makalani South Africa - ZAR 500 3Q14 (USD 46m) on its ZAR 1bn Fund 2 in Africa September. READ MORE
● 55 FINANCIAL SERVICES BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
National Insurance Corporation Uganda East Africa Bond UGX - 2014 Preparing the ground for a 2014 debt placement.
Completing legal documentation for USD 10m NMB Bank Zimbabwe East Africa Loan USD 10 1Q14 DFI credit line.
Southern Set to market USD 250m-USD 300m Mauritius- Sanlam South Africa - USD 250 2014 Africa based credit fund to outside investors.
Now looking at private-placement market for Shelter Afrique Kenya East Africa Loan USD 100 2014 up to USD 100m. READ MORE
Standard Chartered mandated to raise Skye Bank Plc. Nigeria West Africa Loan USD 100 1Q14 USD 100m via a one-year syndicated loan.
In advanced discussions for dual-tranche loan Stanbic IBTC Nigeria West Africa Loan USD 100 2Q14 from DFIs. READ MORE
The South African bank’s Ghanaian, Kenyan, Standard Bank of Southern South Africa Loan USD 400 - Nigerian and Ugandan subsidiaries are each South Africa Ltd. Africa seeking USD 100m two-year loans.
Tanzania Mortgage Tanzania East Africa Bond TZS - - Seeking advisors for local-currency bond issue. Refinance Co.
In early discussions for USD 50m-USD 100m The Mortgage Company Kenya East Africa Loan USD 100 2H14 loan. READ MORE
Launching a new securitisation vehicle that Southern Transaction Capital South Africa Bond ZAR 750 2014 plans to issue ZAR 750m-ZAR 800m bond. Africa READ MORE
In discussions with local and international UAP Holdings Kenya East Africa Loan - - 2014 lenders for debt to back its expansion in Africa. READ MORE
Unibank Ghana Ghana West Africa - GHS 117 1Q14 Raising the equivalent of USD 50m in cedi.
Syndicating three-year loan via Union Bank of Nigeria Nigeria West Africa Loan USD 100 1H14 Standard Chartered.
RMB and Standard Chartered mandated for a Zenith Bank Nigeria West Africa Loan USD 100 1Q14 USD 100m three-year syndicated loan.
Printed a five-year USD 500m 6.25% Zenith Bank Nigeria West Africa Bond USD 500 2Q14 Eurobond at a 98.947 re-offer price with a yield of 6.5%. READ MORE
● 56 GOVERNMENT BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Set to raise USD 200m of USD 700m Angola (Govt of) Angola Central Africa Loan USD 200 1Q14 long-dated loan by end-March.
Sovereign Planning to raise at least USD 1bn in Bayelsa (Federal state of) Nigeria West Africa USD - 1H14 Bond US dollar-financing.
Planning to issue at least XOF 20bn Dakar (Municipality of) Senegal West Africa Bond XOF 20,000 1H14 (USD 41.6m) in local currency bonds for infrastructure development. READ MORE
Preferred bidders picked for loan and DMTN Southern Durban (City of) South Africa Loan ZAR 1,500 1H14 programme; considering additional funding Africa for public transport project.
Southern Plans to raise about ZAR 4bn (USD 383m) in Ekurhuleni (Municipality) South Africa - ZAR 4,000 2014 Africa debt over the next three years.
Expected to mandate a lead arranger for a USD 1.5bn syndicated loan needed to finance the Kenya Kenya East Africa Loan USD 1,500 4Q13 first phase of the Lamu Port-South Sudan- Ethiopia Transport Corridor (Lapsset) project.
Sovereign Kenya Kenya East Africa USD 1,500 2Q14 Planning to issue up to USD 1.5bn in Eurobonds. Bond
Southern Southern Looking for JV partners with financial Lesotho (Govt of) - - - 2014 Africa Africa backing for power projects. READ MORE
Seeking investment deals in water, energy, Southern Southern Lesotho (Govt of) - - - 2014 tourism, agriculture and infrastructure Africa Africa sectors. READ MORE
Looking to substantially upgrade power- Liberia (Govt of) West Africa West Africa - - - - generation capacity in the next five years. READ MORE
Planning a USD 500m Eurobond; pending Lusaka City Council Zambia East Africa Bond USD 500 4Q13 regulatory approval.
Morocco Morocco North Africa Bond USD - 2014 Holding discussions with banks for sukuk.
Planning debut domestic bond for April 2014. Oyo State Nigeria West Africa Bond NGN 23,500 2Q14 READ MORE
● 57 GOVERNMENT BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Planning local-currency sukuk. Senegal (Govt of) Senegal West Africa Bond XOF 50,000 1H14 READ MORE
Intends to issue USD 200m sukuk between Senegal (Govt of) Senegal West Africa Bond USD 200 2Q14 mid-May and mid-June. READ MORE
Southern Expects to issue USD 500m-plus sukuk by South Africa (Govt of) South Africa Bond USD 500 2014 Africa end-2014. READ MORE
Southern Raising funds for the acquisition of a new Statistics South Africa South Africa Loan ZAR 1,800 Africa headquarters.
Tanzania Tanzania East Africa Bond USD - 2014 Citigroup to arrange a Eurobond.
Holding talks with JBIC for sale of a Tunisia Tunisia North Africa Bond JPY - 1H14 yen-denominated bond.
Seeking investors to fund USD 867m of Uganda Uganda East Africa Loan USD - 2014 upgrade works.
Seeking funding for Uganda-South Sudan Uganda Uganda East Africa - USD - - railway expecting to cost USD 2bn.
Seeking PPP investors to fund petroleum Uganda Uganda East Africa Loan USD - - distribution terminal.
Uganda Electricity Looking to raise up to USD 370m to install Uganda East Africa - USD 370 2014 Transmission Co. 150 megawatts of solar generation capacity.
Working on sovereign loan with Citigroup and Zambia Zambia East Africa Loan USD 250 1Q14 Standard Chartered.
Priced a USD 1bn 8.5% 2024 Eurobond via Zambia (Govt of) Zambia East Africa Bond USD 1,000 2Q14 Barclays and Deutsche Bank. READ MORE
● 58 INDUSTRIALS BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes Looking for USD 14m in project financing to Best Angola Steel Angola Central Africa - USD 14 - construct steel fabrication plant at Viana. READ MORE In talks with banks to raise ZAR 100m- Southern Hulamin South Africa - ZAR 200 2014 ZAR 200m for additional aluminium processing Africa and recycling equipment. READ MORE
MEDICAL
Borrower Country Region Instrument Currency Size Timing Notes
Southern Looking to issue a bond of ZAR 600m. Ascendis Health South Africa Bond ZAR 600 2Q14 Africa READ MORE
Seeking senior debt comprising mortgage, Crystal Thorpe Nigeria West Africa Loan USD 13 2H14 construction financing and an RCF. READ MORE
Raising USD 10m in debt and equity to support Danadams Pharmaceuticals Ghana West Africa - USD 10 - construction of facility to develop injectable medicines. READ MORE
In talks with Rand Merchant Bank (RMB) to Southern Litha Healthcare South Africa - ZAR 200 re-organise around ZAR 200m (USD 18.5m) Africa of debt. READ MORE
MINING
Borrower Country Region Instrument Currency Size Timing Notes
Reviewing debt funding targets for Tonkolili iron African Minerals Limited Sierra Leone West Africa Loan USD - 2014 ore development.
Looking to raise up to USD 41m to back mining Southern African Nickel Botswana - USD 41 2014 projects in Botswana, Namibia and South Africa. Africa READ MORE
● 59 MINING BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Southern Looking to raise up to USD 41m to back mining African Nickel Namibia - USD 41 2014 Africa projects in Botswana, Namibia and South Africa.
Southern Looking to raise up to USD 41m to back mining African Nickel South Africa - USD 41 2014 Africa projects in Botswana, Namibia and South Africa.
Negotiating USD 417m debt tranche for Dallol Allana Potash Corp. Ethiopia East Africa Loan USD 417 1Q14 Potash project.
Needs USD 7m to finish bankable feasibility Auroch Minerals Mozambique East Africa - USD 7 2H14 study on Manica gold project. READ MORE
Raising USD 200m in debt and equity for Isabella- Bilboes Zimbabwe East Africa Loan USD 200 - McCays-Bubi sulphide complex.
Seeking up to USD 80m in debt for USD 160m Cavalla Resources Liberia West Africa Loan USD 80 2015 Buchanan Project. READ MORE
Plans to approach banks for project finance of Southern Coal of Africa South Africa Loan ZAR 400 1H14 around ZAR 380m-ZAR 400m to fund expansion Africa at Vele colliery. READ MORE Could tap the market for up to USD 70m to Drake Resources Guinea West Africa - USD 70 2014 take forward its African and Scandinavian mining projects.
Southern Looking to raise ZAR 260m to launch manganese Emang Mmogo Mining South Africa - ZAR 160 1Q14 Africa mining project in Northern Cape.
Potentially requires USD 315m for Endeavour Mining Burkina Faso West Africa Loan USD 315 2014 Hounde project.
Looking at several financing sources for Equatorial Resources Congo Central Africa - USD 150 2014 USD 150m capex backing Mayoko-Moussondji iron project. READ MORE
Priced senior bond due 2022 with a 7.25% First Quantum Minerals Zambia East Africa Bond USD 850 2Q14 coupon. READ MORE
Increased USD 2.5bn syndicated loan to First Quantum Minerals Zambia East Africa Loan USD 3,000 2Q14 USD 3bn; deal signed. READ MORE
Guinea- Needs pre-production financing for Farim GB Minerals West Africa - USD 166 2014 Bissau phosphate project.
Needs funding to develop 50-million-tonne Great Quest Metals Mali West Africa - USD 160 2014 Tilemsi phosphate project.
● 60 MINING BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Could look to raise debt of up to AUD 50m- Gryphon Minerals Burkina Faso West Africa - AUD 60 2014 AUD 60m for Banfora gold project.
Likely to start project finance process for Hummingbird Resources Liberia West Africa - - - 2H14 Dugbe 1 in 2H14.
Southern Ikwezi Mining South Africa Loan ZAR 200 1Q14 Finalising loan for Ntendeka project. Africa
Iron Mineral Southern Seeking to raise ZAR 560m in debt for roll-out of South Africa Loan ZAR 560 4Q13 Beneficiation Services Africa Phalaborwa iron beneficiation plant.
Southern Looking to finance a USD 450m iron ore project Jindal Africa South Africa - USD 270 2014 Africa on 60:40 debt-to-equity basis. READ MORE
Will approach lenders for USD 30m to back Kibaran Resources Tanzania East Africa Loan USD 30 2015 Mahenge graphite project. READ MORE
Southern Seeking asset-backed credit lines to finance the Kombat Copper Namibia Loan USD 30 2014 Africa rehabilitation of flooded mine shafts.
Increased funding requirement and is now La Generale des Carrieres DRC Central Africa Loan USD 1500 1H14 looking to raise USD 1.5bn from international et des Mines (Gecamines) lenders for expansion and debt refinancing.
Working toward financial close on 12-year loan Maamba Collieries Zambia East Africa Loan USD 520 2Q14 for power plant.
Raising about USD 35m in debt to back the Maya Gold & Silver Morocco North Africa Loan USD 35 - development of two mines in Morocco. READ MORE
Looking to raise USD 5m to set up a series of Mineral Resources & Solutions Zimbabwe East Africa - USD 5 2014 remote gold stamp mills in rural Zimbabwe. READ MORE
Southern Could look at debt funding for larger tailings Mwana Africa South Africa - - - 2H14 Africa plant at Freda Rebecca. READ MORE
Aimed to reach fundraising stage on USD 320m Southern Namibian Marine Phosphate Namibia Loan USD 190 1H14 Sandpiper project by end-2013; 60:40 debt- Africa equity split.
Southern Plans to raise about USD 90m in debt for its Peninsula Energy South Africa Loan USD 90 2015 Africa Karoo project. READ MORE
● 61 MINING BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Plans to reach agreements over ZAR 2.6bn- Southern Royal Bafokeng Platinum South Africa Loan ZAR 3,000 2H14 ZAR 3bn of debt facilities by year-end. Africa READ MORE
Southern Could re-visit the bond market as a funding Sentula Mining South Africa Bond ZAR - - Africa option in early 2015.
Has begun ZAR 2.3bn (USD 251m) project fund- Southern Sephaku Fluoride South Africa Loan ZAR 1300 4Q13 raising; consisting of 60% debt and 40% equity. Africa Expecting debt to come from local banks.
Targeting DFIs to raise USD 520m of debt for South Boulder Mines Eritrea East Africa Loan USD 520 1H14 USD 740m Colluli open-pit potash mine.
Southern In early discussions for financing of a railway Tharisa South Africa - - - 2014 Africa project under PPP with Transnet. READ MORE
Looking for funding as it expands Eritrean Zara Mining Eritrea East Africa - - 2014 footprint.
REAL ESTATE
Borrower Country Region Instrument Currency Size Timing Notes
Plans to raise USD 500m internationally for a African Alliance Uganda Uganda East Africa - USD 500 1H14 property fund.
Seeking to raise USD 90m-100m in debt for the Agu Palms Condos Ghana West Africa Loan USD 100 4Q13 construction of low-cost housing units in Ghana.
Southern Arranged a new ZAR 650m (USD 62.2m) term Arrowhead Properties South Africa - ZAR 650 2014 Africa loan with a South African bank. READ MORE
Seeking funds for 100-unit housing development Bellslov Estate Ghana West Africa - USD 10 1H14 in Accra.
Southern Dipula Property Fund Pty Ltd South Africa Bond ZAR - 2014 Preparing rand-denominated bond issue. Africa
Southern Eyeing new term debt to help fund possible Fortress Income Fund South Africa - ZAR - 2014 Africa ZAR 1bn development pipeline. READ MORE
● 62 REAL ESTATE BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Approaching the market to raise USD 20m in Fusion Investment Management Rwanda East Africa Loan USD 20 1H14 senior debt for Kigali Heights development. READ MORE
Southern Likely to refinance bulk of Tiber Property Growthpoint South Africa Loan ZAR 1,560 1H14 Africa Group's existing debt.
Funding target trimmed from KES 3bn to Habitat Afrique Kenya East Africa - KES 800 1H14 KES 800m; in talks for 10-year bilateral loan. READ MORE
Raising funds for middle-income housing Haon Properties Nigeria West Africa Loan USD 15 2014 development in Lagos State.
Looking to fund hotel and amusement Hexagon Networks Nigeria West Africa - USD 20 2014 park projects.
Actis project raising debt and equity for Abuja Jabi Mall Nigeria West Africa Loan USD - 2014 shopping mall.
Mashonaland Holdings Zimbabwe East Africa - USD 15 2H14 Looking for USD 15m debt. READ MORE
Issued a January RFP for KES 8bn (USD 93m) local National Housing Corporation Kenya East Africa Bond KES 8,000 - -currency bond.
Southern Will appoint advisors for bond issue between Rebosis Property Fund South Africa Bond ZAR 500 2Q14 Africa ZAR 300m-ZAR 500m.
Southern Considering using the listed bond market to Safari Investments South Africa Bond ZAR 200 2H14 Africa raise ZAR 200m-ZAR 300m. READ MORE
Stanlib Africa Direct Property Southern Plans to raise about USD 150m in debt at the South Africa - USD 150 2H14 Dev. Fund Africa asset investment level over the next two years.
Negotiating EGP 1.8bn long-term loan to finance Talaat Moustafa Holding Group Egypt North Africa Loan EGP 1,800 2014 expansion project in El-Rehab.
Discussing USD 20m loan for Nairobi hotel, plus TPS Eastern Africa Kenya East Africa - USD - 1H14 DFI loans and local bonds.
Negotiating debt funding for Ughelli’s rehab Transcorp Nigeria West Africa Loan USD 1300 - and expansion capex, and raising funds for a Lagos hotel project. READ MORE
Raising funds in conjunction with IFC for Tsemex Hotels Ethiopia East Africa Loan USD 37.7 - business hotel in Addis Ababa.
● 63 TELECOMS BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Putting together a USD 50m domestic Angola Cables Angola Central Africa Loan AOA - 1Q14 debt syndicate.
In financing phase for proposed metro fibre Backbone Connectivity Network NIgeria West Africa - USD 25 1H14 networks in Lagos.
Seeking USD 15m to build fibre-optic national Dalkom Somalia Somalia East Africa Loan USD 15 - backbone in Somalia.
Seeking USD 21m to refinance existing debt DiscoveryTel Ghana West Africa Loan USD 21 2014 and expand 4G network in West Africa. READ MORE
Set to sign five-year group-level loan Econet Wireless Zimbabwe East Africa Loan USD 150 1Q14 via Afreximbank.
Plans to raise about USD 50m-USD 60m for an M-P Infrastructure Nigeria West Africa Loan USD 60 2H14 open-access broadband infrastructure project. READ MORE
Southern Signed a USD 1bn five-year syndicated MTN Group South Africa Loan USD 1,000 1Q14 Africa revolving credit facility. READ MORE
Looking for strategic partners to help Sierratel Sierra Leone West Africa - USD 50 2H14 refinance or restructure USD 50m of debt and advise on fundraising. READ MORE
Smile Telecoms Holdings Mauritius East Africa Loan USD 320 1H14 Syndicating USD 320m loan. READ MORE
Seeking to raise USD 20m-equivalent debt in Swift Networks Nigeria West Africa Loan NGN - 4Q13 local currency for growth plan.
Telekom Networks Malawi Malawi East Africa Loan USD 14 - Discussing options to raise short-term debt.
Nearing financial close on five-year club loan. Vodafone Egypt Egypt North Africa Loan EGP 4,000 - READ MORE
TRANSPORT
Borrower Country Region Instrument Currency Size Timing Notes
Looking to raise USD 15m debt for AfricaStar Holdings Senegal West Africa - USD 15 1H14 regional airline.
● 64 TRANSPORT BACK TO SECTORS
Borrower Country Region Instrument Currency Size Timing Notes
Syndicating aircraft financing facility via Air Cote d'Ivoire Ivory Coast West Africa Loan USD 114 3Q14 Afreximbank. READ MORE
Southern Set for early refinancing talks ahead of March Airports Company South Africa South Africa - ZAR 1,800 2014 Africa 2016 maturities.
Wants USD 50m loan for logistics subsidiary Butiama Resources Tanzania East Africa - USD 50 1H14 Hasab Limited. READ MORE
Considering raising debt to fund its expansion DSM Corridor Group Tanzania East Africa - - - 2015 plans over the next two years.
Southern Evaluating capex requirement for Maputo coal Grindrod South Africa Loan USD - 1H14 Africa terminal expansion.
Harvest Logistics Ivory Coast West Africa Loan EUR 5 2014 Looking for financing for trucks.
Syndicating aircraft-finance loan package Kenya Airways Kenya East Africa Loan USD 1500 2Q14 worth USD 1.3bn; US Ex-Im guarantee arranged. READ MORE
Standard Chartered chosen as advisor for the Kenya Roads Board Kenya East Africa Bond USD 500 2H14 feasibility study and structuring of proposed USD 500m infrastructure bond. READ MORE
Standard Chartered and TIB seeking co-MLAs Lagos-Ibadan Expressway Nigeria West Africa Loan NGN 50,000 1H14 for debt.
Maputo Port Development Co Mozambique East Africa - USD 500 1H14 Aiming to raise about USD 500m.
Considering funding options for energy-sector Nigerian Aviation Handling Co. Nigeria West Africa - - - 4Q13 expansion.
Looking for funds to back expansion of Southern RBT Resources South Africa Loan ZAR 1,750 1Q14 Grindrod’s Navitrade terminal at Africa Richards Bay Coal Terminal.
Considering RFP for long-term debt; plans to Southern Sanral South Africa - ZAR - 2014 issue at least ZAR 500m of bonds a month Africa until March 2015. READ MORE
Needs to raise debt for aircraft buys. Sky Aero Kenya Transport Loan USD 4 2014 READ MORE
Southern Super Group South Africa Bond ZAR - 2014 Looking to launch a ZAR 2bn DMTN programme. Africa
● 65