• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, October 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

BOI wins award for $1bn syndicated term loan facility

BOI

The Matters Press by The Matters Press
March 10, 2022
Reading Time: 2 mins read
0
BOI wins award for $1bn syndicated term loan facility

The Bank of Industry (BoI) has received an award for the ‘International Syndicated Loan Deal of the Year’ at the Bonds and Loans Africa Awards ceremony.

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

This is contained in a statement signed by the Head, Corporate Communications, BoI, Mrs Hadiza Olaosebikan.

The bank was presented with the award in recognition of its $1 billion syndicated term loan facility successfully raised in the international market in December 2020.

The award ceremony took place on Wednesday in Mount Nelson, Cape Town, South Africa.

Mr Olukayode Pitan, Managing Director, BoI, was quoted by the statement as saying that, the recognition highlighted the bank’s impact as Nigeria’s leading Development Finance Institution (DFI).

This, he said, was seen in the BoI’s commitment to maximising its developmental impact by raising and deploying funds that enhanced its capacity to support customers.

Pitan said that the award came on the back of BoI’s successful issuance of a €750mn Senior Eurobond (the first by any African national DFI) in February 2022.

He noted that the bank had raised about 3.8 billion dollars from the international financial market in the last four year.

“This includes another syndicated loan of €1bn in March 2020; and a 750 million dollars syndicated medium-term loan in 2018 which has been fully paid off,” Pitan said.

He said that the exhaustive selection process for the award involved close examination of deal size, tenor, structure, and distribution; analysis and background of the borrower and their accessibility to financing.

Others, he said, included borrowers extra credit for deals that demonstrate high quality execution, accessing new pools of liquidity, innovative structuring, and opening-up new markets.

“We look forward to intensifying our efforts to catalyse sustainable economic growth for Nigeria and the continent at large,” he said.

Pitan also acknowledged the significant role that myriad strategic partners played in the consummation of this deal in spite of the challenges posed by the COVID-19 pandemic.

“We are especially grateful for the support of our lead arrangers, underwriters and book runners.

“Afreximbank, Credit Suisse A.G, Rand Merchant Bank and Sumitomo Mitsui Banking Corporation; and the Central Bank of Nigeria provided a 100 per cent currency swap that allowed us to mitigate foreign exchange rate risks, ” he said.

The Bonds and Loans Africa Awards has been recognising the most innovative and ground-breaking deals from sovereign, corporate and financial institution issuers and borrowers since 2014.

The annual event brings together the industry’s most high-profile figures thereby raising the profile of the African financial markets with the international investment community.

Tags: BOI
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
Nigeria floats $4bn Eurobonds

Nigerian bonds are good collateral instruments for bank

NERC declares meters free under mass scheme

FCT electricity consumers seeks intervention over power outages

Recommended Stories

Qualcomm selects 10 African start-ups for mentorship

Qualcomm selects 10 African start-ups for mentorship

May 7, 2023
Cash, petrol scarcity create food crisis in Nigeria

Cost of living crisis: Group tackles state governors on poor utilisation of Tinubu initiatives, palliatives

August 9, 2024
CIIN president tasks Insurance directors on manpower development

China’s banking, insurance regulators receive 69,555 complaints

March 21, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us