Afreximbank, UBA announce of $2.25 billion syndicated crude oil repayment facility

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Afreximbank, UBA announce of $2.25 billion syndicated crude oil repayment facility

African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 million has been made. A second tranche of US$1.05 million is expected to be disbursed subsequently. The United Bank for Africa Plc (UBA) acted as the […]

Afreximbank, UBA announce of $2.25 billion syndicated crude oil repayment facility
Tribune Online