Lagos - Côte d’Ivoire has obtained $260 million in a syndicated loan deal involving eight banks as part of efforts to enhance the country’s road infrastructural development.
Two Nigerian banks, Ecobank and UBA, participated in the syndication that was oversubscribed by 110 per cent, reports New Telegraph
Ecobank, which was lead arranger, contributed the largest chunk of 91.2 million while UBA contributed 19.2 billion.
The foreign banks in the syndication are Société Générale, Attijariwafa Bank Group, Group Bank of Africa (BOA), BNP Paribas Group and BGFI Bank Group
Read more at New Telegraph
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