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WestLB signs short-term credit for Africa

01 June 2001

Read more: emerging markets trade

WestLB's emerging markets syndications desk has closed a $140 million, one year syndicated loan for Afreximbank. The facility closed oversubscribed by 87% and was increased from an original $100 million. WestLB acted as coordinator and arranger on the deal as well as being joint bookrunner with Standard Chartered.

The margin on the deal is 45bp over Libor with...


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