South Africa - Line of Credit to Nedbank Limited
Sector: Manufacturing (Industrial) • Location: South Africa
Source: African Development Bank (AfDB)
The project will provide a foreign currency line of credit (LoC) up to USD 100 million to Nedbank Limited, Nedbank Group’s principal subsidiary. Nedbank has a strong pipeline of projects with high visibility for rapid disbursement of funds. These are important continental projects that will make a strong contribution to growth and development. Through the LoC, the Bank will be leveraging a strong
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
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Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The project will provide a foreign currency line of credit (LoC) up to USD 100 million to Nedbank Limited, Nedbank Group’s principal subsidiary. Nedbank has a strong pipeline of projects with high visibility for rapid disbursement of funds. These are important continental projects that will make a strong contribution to growth and development. Through the LoC, the Bank will be leveraging a strong middle-income country (MIC) financial institution that is capable of assessing and taking risks in lower-income countries (LICs) and fragile states. The proposed LoC will be used exclusively to finance USD-denominated project finance transactions in Africa but outside of South Africa with a particular focus on infrastructure and industrial projects. In order to meet Nedbank’s need for longer term funds, the LoC will feature a grace period of up to three-year and a 10-year amortization profile. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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Article Published Date | Obfuscated Data |