Advises Africa Trade Finance on US$160 million Trade Finance Facility for UBA
01.02.2018 | S&W Press Release
The firm – London Office has advised Africa Trade Finance Limited as Arranger of a US$160 million club trade finance facility for Nigeria’s United Bank for Africa (UBA).
Nine lenders participated in the one-year deal, the financing for which was provided on December 19, 2017.
The Bookrunners and co-ordinators on the deal were Africa Trade Finance and Mashreqbank PSC. The mandated lead arrangers and bookrunners were: Absa Bank, British Arab Commercial Bank, Commerzbank and FirstRand Bank, acting through its Rand Merchant Bank division. Lead arrangers were Al Ahli Bank of Kuwait, BMCE Bank, Ghana International Bank and the National Bank of Ras Al Khaimah.
The team was led by Simon Cook, supported by Senior Associate Sam Fowler-Holmes. Jackson, Etti & Edu acted as local Nigerian counsel.