Deal Announcement: Acted as Nigerian Counsel to the global syndicate of lenders led by Africa’s leading multilateral trade finance institution, African Export-Import Bank, on the US$3.3 billion crude-oil-backed prepayment facility
Deal Announcement: Acted as Nigerian Counsel to the global syndicate of lenders led by Africa’s leading multilateral trade finance institution, African Export-Import Bank, on the US$3.3 billion crude-oil-backed prepayment facility
G. Elias is delighted to have acted as Nigerian Counsel to the global syndicate of lenders led by Africa’s leading multilateral trade finance institution, African Export-Import Bank, on the US$3.3 billion crude-oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company Limited.
This financing is Nigeria’s largest crude oil prepayment facility and one of the largest syndicated debts raised in Africa in recent times. The facility will provide an immediate injection of cash by the Federal Government of Nigeria to stimulate the national economy and replenish Nigeria’s foreign currency reserves. This financing is complex and novel in many ways.
This transaction consolidates G. Elias’ market status as a leading legal advisor of multilateral financial institutions providing critical, socially significant funding to sophisticated local players across all sectors of the Sub-Saharan economy. We thank our Clients for trusting us with their most critical, innovative and complex works.
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This financing is Nigeria’s largest crude oil prepayment facility and one of the largest syndicated debts raised in Africa in recent times. The facility will provide an immediate injection of cash by the Federal Government of Nigeria to stimulate the national economy and replenish Nigeria’s foreign currency reserves. This financing is complex and novel in many ways.
This transaction consolidates G. Elias’ market status as a leading legal advisor of multilateral financial institutions providing critical, socially significant funding to sophisticated local players across all sectors of the Sub-Saharan economy. We thank our Clients for trusting us with their most critical, innovative and complex works.
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