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2 results for "refineries"

EnergyFeatured
7.9

Afreximbank underwrites $2.5bn of $4bn Dangote Refinery syndicated loan

Afreximbank has committed $2.5 billion of a $4 billion senior syndicated term loan for Dangote Petroleum Refinery, a critical infrastructure project in Nigeria. The syndication indicates successful lender participation for the refinery's expansion or operational financing. This demonstrates regional financial support for African energy infrastructure and Afreximbank's role as a key development financier.

AllAfrica·NG·about 5 hours ago
Confirmed
EnergyFeatured
6.9

Afreximbank Underwrites $2.5B Term Loan for Dangote Petroleum Refinery

The African Export-Import Bank has underwritten a $2.5 billion five-year term loan for Nigeria's Dangote Petroleum Refinery, jointly arranged with Access Bank, to refinance and optimize the facility's capital structure. The 650,000 barrels-per-day refinery is Africa's largest, and this transaction represents Afreximbank's largest single share in current syndication. This financing consolidates approximately $15 billion provided to Dangote Group since 2015.

Africa Intelligence TG·NG · EG·about 5 hours ago
Corroborating