Standard Chartered Bank has started syndicating a term loan on Feb. 3 for Union Bank of Nigeria, according to e-mailed statements from the arranger.
The tenor of the loan is 3 years, with interest of Libor plus 450 basis points (bps).
The repayment amortization will commence after a one year grace
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BusinessDay
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
