Lagos - First City Monument Bank Limited (FCMB) has sealed a deal for a $150 million senior unsecured term facility with Commerzbank Aktiengesellschaft and Standard Chartered Bank.
The loan facility represents the bank’s largest fundraising to date in the commercial bank syndicated loan market, reports Daily Newswatch
The fund would be used towards oil and gas and support medium-term lending to key sectors of the economy.
Segun Odusanya, the bank’s Deputy Managing Director, said the loan syndication indicates the level of confidence which the international banking community has in FCMB and the Nigerian market as a whole.
Read more at Daily Newswatch