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African Foundries Limited – DFI financing

26 March 2010

Breaking records in Nigeria

MLA: Citi
Borrower: African Foundries Limited
Amount: $75 million
Tenor: 7-years
DFIs: FMO, Emerging Africa Infrastructure Fund, and Finnfund
Lawyers: Norton Rose

Citi’s wins an award for an inspiring DFI-supported financing for Nigerian borrower African Foundries Limited (AFL). He firm specialises in castings for the engineering mining, quarrying and other solid minerals processing industries.

The deal contained several firsts and shows what a determined arranger...


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