Dangote Refinery secures $4bn syndicated loan, Afreximbank underwrites $2.5bn

By Udeme Akpan The African Export-Import Bank has underwritten 2.5 billion of a 4 billion senior syndicated term loan for the Dangote Petroleum Refinery and Petrochemicals. A syndicated loan is a financing arrangement involving a large sum of money provided by a group of lenders. In a statement confirming the deal, Afreximbank disclosed that it [] The post Dangote Refinery secures 4bn syndicated loan, Afreximbank underwrites 2.5bn appeared first on Vanguard News.