×
The Standard e-Paper
Read Offline Anywhere
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
CfC Stanbic Bank Limited has signed a Sh15.96 billion ($155 million), two/three-year term loan facility in Dubai. The transaction, which is the second CfC Stanbic Kenya transaction, was launched in an amount of Sh10.3 billion ($100 million) and an over subscription of Sh5.7 billion ($55 million) was obtained, thus allowing a final take of Sh15.96 billion ($155 million).
It is the first time that the tenor has been extended to a three-year term, together with a two-year tranche. The facility is priced at 245 basis points over Libor for the two-year tenor and 290 basis points over Libor for the three year tenor.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join