In recognition of its $1bn Syndicated Term Loan Facility successfully raised in the international market in December 2020, the Bank of Industry (BOI) has received the award of the ‘International Syndicated Loan Deal of The Year’.

The BOI received the award at the Bonds & Loans Africa Awards ceremony, which took place on Wednesday at Mount Nelson, Cape Town.

The Managing Director/Chief Executive Officer, Bank of Industry, Mr Olukayode Pitan, on receiving the award said the recognition highlights the impact of the BOI as Nigeria’s leading Development Finance Institution committed to maximising its developmental impact by raising and deploying the funds that enhance the institution’s capacity to support customers.

Mr Pitan also expressed his appreciation to the significant partners for their roles in the achievement of the deal despite the challenges posed by the COVID-19 pandemic.
Some of these partners includes Afreximbank, Credit Suisse A.G, Rand Merchant Bank and Sumitomo Mitsui Banking Corporation; and The Central Bank of Nigeria.

However, this award came after BOI’s successful issuance of a €750mn Senior Eurobond (the first by any African national DFI) in February 2022.

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

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