Recent landmark transactions in Nigeria


2017

Client
Nature of the deal
Size of the deal
Unilever Plc RMB provided NGN denominated Trade & Working Capital NGN6.0-bn
International Breweries Plc RMB provided NGN denominated short term lending NGN6.0-bn
BUA Sugar Refinery Limited RMB provided a Naira term loan facility to BUA Sugar Refinery Limited to fund its backward integration capex plans NGN5.0-bn
African Industries Group RMB provided NGN denominated Trade & Working Capital to African Steel Mills and African Wire NGN3.5-bn
Axxela (Gaslink) Limited RMB provided a 12 month Capex bridge finance facility NGN3.5-bn
Indorama RMB provided NGN denominated Trade & Working Capital NGN3.0-bn
De-United Foods Limited RMB provided NGN denominated Trade & Working Capital NGN2.5-bn
De-United Foods Limited RMB provided trade and working capital facilities to De-United Foods Limited NGN2.5-bn
Chi Limited RMB provided trade and working capital facilities to Chi Limited NGN2-bn
Wacot Limited RMB provided NGN denominated Trade & Working Capital NGN1.5-bn
Grand Cereals Limited RMB provided trade and working capital facilities to Grand Cereals Limited NGN1.5-bn
GZ Industries RMB provided NGN denominated Trade & Working Capital NGN1.0-bn
Wacot Limited RMB provided a trade and working capital facilities to Wacot Limited NGN1.0-bn
Hello Products RMB provided NGN denominated Trade & Working Capital NGN0.7-bn
Freddy Hirsch RMB provided NGN denominated Trade & Working Capital NGN0.4-bn
Africa Finance Corporation (AFC) RMB acted as joint lead manager and bookrunner for AFC’s debut US$ Murabaha Sukuk Issuance US$150-m
Interswitch Limited RMB acted as mandated lead arranger and sole lender in holdco funding US$40-m
OLAM Nigeria RMB provided corporate FX Swap USD$25-m
Agrolimen/GB Foods and Helios Investment Partners RMB acted as financial adviser to Agrolimen/GB Foods and Helios Investment Partners in the acquisition of leading culinary brands and manufacturing assets in Africa Undisclosed

2016

Client
Nature of the deal
Size of the deal
Indorama Eleme Petrochemical Limited RMB acted as sole lead arranger to OIS Port Limited, a subsidiary of Indorama Eleme Petrochemical Limited to support the development of a multipurpose jetty and storage facility US$52-m
Mandilas RMB provided NGN denominated Lease Facility NGN0.5-bn
Chi Limited RMB provided NGN denominated Trade & Working Capital NGN2.0-bn
Toyota Nigeria Limited RMB provided NGN denominated Trade & Working Capital NGN3.0-bn
OLAM Nigeria RMB provided NGN denominated Trade & Working Capital NGN3.0-bn
PZ Cussons Plc RMB provided NGN denominated Trade & Working Capital NGN6.0-bn
African Steel Mills Nigeria Limited RMB was the mandated lead arranger of a loan syndication for African Steel Mills Nigeria Limited NGN2.0-bn
African Wire and Allied Industries Limited RMB was the mandated lead arranger of a loan syndication for African Wire and Allied Industries Limited NGN1.0-bn
GZ Industries Limited RMB acted as lead arranger as part of a larger N17 Billion syndicated loan NGN3.0-bn
OVH Energy (BVI) RMB acted as sole lender on a bridge financing for OVH Energy $13.75-m
Bua Group RMB acted as financial adviser to the BUA Group on the investment of its wheat milling and pasta manufacturing assets to Olam International Limited US$275-m
MMI Holdings RMB acted as financial adviser to MMI Holdings in the 50% acquisition of United Metropolitan Insurance Nigeria Limited US$16.5-m
OIS RMB was the mandated lead arranger for a capex facility for port infrastructure US$52-m
Interswitch Limited RMB acted as sole lender for loan facilities to Interswitch Limited NGN5.4-bn
African Steel Mills RMB provided Naira term loan facilities to African Steel Mills. NGN2-bn
African Steel Mills RMB provided a N1-bn trade and working capital facility to African Steel Mills NGN1-bn
African Wire and Allied Industries Limited RMB provided a Naira term loan facility to African Wire and Allied Industries Limited NGN1.0-bn
Seven up Bottling Company Plc. RMB structured a trade and working capital facility to Seven up Bottling Company NGN3-bn
Nigerian Breweries Plc. RMB provided NGN denominated Trade & Working Capital NGN2.0-bn
Nestle Nigeria Plc RMB provided a trade and working capital facility to Nestle Nigeria Plc NGN2-bn
Crown Flour Mills Limited RMB provided a trade and working capital facility to Crown Flour Mills Limited NGN3-bn
Olam Nigeria Limited RMB provided a trade and working capital facility to Olam Nigeria Limited NGN3-bn
Unilever Plc RMB provided a trade and working capital facility to Unilever Plc NGN3-bn
BUA Sugar Refinery Limited RMB provided a trade and working capital facility to BUA Sugar Refinery Limited NGN2-bn
Amandi Energy IPP Project RMB acted as the joint mandated lead arranger for the financing of the new Amandi Gas-fired power station in Ghana US$552-m
OIS Indorma Port Project RMB Indorama financed the construction of a jetty to allow for the export of the urea being produced by a Indorama Fertilizer company US$21-m

2015

Client
Nature of the deal
Size of the deal
African Steel Mills Limited RMB provided a Naira term loan facility to African Steel Mills NGN3.5-bn
BUA Group RMB acted as financial adviser to the BUA Group on the divestment of its wheat milling and pasta manufacturing assets to Olam International Limited US$275-m
International Breweries Plc RMB Nigeria provided a N4.0-bn facility to International Breweries Plc NGN4.0-b
OLAM Nigeria RMB provided a working capital facility to OLAM Nigeria NGN3.2-b
Crown Flour Mills RMB provided a working capital facility to Crown Flour Mills in Nigeria NGN2.0-b
IHS RMB acted as the joint lead arranger and underwriter for a capex facility for shared tower infrastructure for IHS and MTN in Nigeria US$800-m
Actis, RMB Westport, Paragon Holdings (‘Sellers’) RMB acted as financial adviser to the Sellers on the sale of Ikeja City Mall to Hyprop Investments Limited and Attacq Limited – a JSE-listed real estate capital growth fund US$155-m
Zenith Bank RMB acted as initial mandated lead arranger, bookrunner and facility agent for Zenith Bank’s inaugural syndicated loan US$350-m
First Bank RMB has been involved in various oil import LC confirmations for First Bank US$290-m
Actis RMB acted as financial adviser to Actis in the acquisition of a majority stake in Sigma Pensions Limited US$62-m
Azura IPP RMB acted as joint mandated lead arranger, lender and hedging bank to the Azura-Edo power plant — a Greenfields IPP US$900-m

2014

Client
Nature of the deal
Size of the deal
Zenith Bank Plc RMB acted as lender, agent and initial mandated lead arranger for a bilateral term loan for Zenith Bank Plc US$50-m
AOS Orwell RMB refinanced a loan to a private equity backed oil services company US$80-m
BP RMB through FirstRand confirmed an oil import documentary credit in favour of BP US$61-m
AFDB RMB acted as joint issuing house and bookrunner on the Africa Development Bank’s (AFDB) seven year medium Naira term note NGN12.95-b
Zenith Bank Plc. Mandated lead arranger, Syndicated Term Loan Facility US$300-m
Africa Finance Corporation Mandated lead arranger, Bilateral Loan Facility US$75-m
BOC Gases Sole lender, Bilateral Naira Loan Facility
Imperial Logistics RMB acted as financial adviser to Imperial Logistics in the acquisition of a 68% controlling interest in Eco Health Limited US$100-m

2013

Client
Nature of the deal
Size of the deal
Dangote Industries RMB acted as senior lead arranger as part of a loan syndication for Dangote Industries’ expansion into fertilizer and petrochemicals production US$3.3-b
BUA Group RMB acted as co-lender to fund the construction of a sugar refinery in Port Harcourt US$100-m
SAB Miller Plc RMB acted as Original Lender for a club term loan facility for SAB Miller Plc's Nigerian subsidiaries US$160-m
African Steel Mills RMB provided a Naira term-debt facility to African Steel Mills NGN3.5-b
Wings Towers RMB provided a US$ development and term-debt facility to the Wings Towers US$100-m
MTN Nigeria RMB acted as mandated lead arranger of a syndicated medium term facility for MTN Nigeria US$3.0-bn
Africa Finance Corporation (AFC) RMB was the mandated lead arranger of a bilateral syndicated and club loan for the Africa Finance Corporation (AFC) US$50-m US$250-m US$300-m
African Steel Mills Lead arranger, 3-year funding US$30-m
MTN Original Lender, Syndicated Term Loan Facility US$3-b
Dufil Prima Foods Limited Mandated lead arranger, Short Term Loan Facility

2012

Client
Nature of the deal
Size of the deal
Exxon Mobil NNPC JV RMB provided funding for Exxon Mobil NNPC JV reserve development programme US$50-m

2011

Client
Nature of the deal
Size of the deal
Ikeja City Mall RMB Westport developed and let Ikeja City Mall (the largest retail complex in West Africa) in Lagos US$95-m