10th March 2020

2020 Winning Deals

Sovereign Debt Deal of the Year

Republic of Côte d’Ivoire


June 2019

Social Infrastructure Loan Facility due in June 2026

Lead Arranger and Bookrunner: MUFG

Insurer: African Trade Insurance Agency

Legal Advisors to the Obligor: Linklaters / FDKA Advocates

Legal Advisors to the Arrangers: KlemetSawadogoKouadio (KSK-Société d'Avocats)

Corporate Debt Deal of the Year

IHS Towers


September 2019

JLMs/Bookrunners: Absa / Citi / Goldman Sachs / jp/ Rand Merchant Bank / Standard Chartered

Legal Advisers to the Obligor: White & Case / Templars, Aluko & Oyebode

Legal Advisers to the JLMs: NautaDutihl / Clifford Chance

ECA / Export Finance Deal of the Year

East African Warehousing (T) Limited (“EAWL”)


April 2019

Amortizing ECA-Covered Loan for the Acquisition of tanker trailers from GRW Engineering due in April 2024

Arranger, Lender and Agent: Nedbank

Legal Advisors to the Arranger: ENS Africa / Dar es Salaam

Financial Institutions Deal of the Year

Africa Finance Corporation

US$233,000,000 and JPY1,000,000,000

September 2019

Dual-tranche USD/JPY Samurai Term Loan Facility due in September 2022

JLMs and Investors: MUFG / SMBC

Investors: Bank of Taiwan / Bank of Yokohama / Taiwan Business Bank / The Gunma Bank / The San-in Good Bank / Shinkin Central Bank

Local Currency Bond Deal of the Year

North South Power



February 2019

Nigerian SEC registered Amortizing and Callable (7-10 years) Green Infrastructure Bond due in February 2034

JLMs/Bookrunners: Stanbic

Legal Advisor to the Obligor: Banwo & Ighodalo

Legal Advisor to the JLMs: Templars

Local Currency Loan Deal of the Year

Puma Energy Holding


July 2019

Structured Finance Loan due August 2020

JLMs: Nedbank / Nedbank Namibia / First Rand Bank / First National Bank Namibia / Standard Bank / Standard Bank Namibia

Legal Advisor to the Borrower: Allen & Overy

Legal Advisors for the Lenders: Hogan Lovells

Project Finance Deal of the Year

Acorn Projects



October 2019

Senior Secured and Guaranteed Fixed Rate Green Project Bond due in October 2024

JLMs/Bookrunners: Stanbic Bank Kenya / SBG Securities Ltd

Legal Advisors to the JLMs: Anjarwalla and Khanna LLP

Structured Finance Deal of the Year

Retail Capital (Pty) Ltd


October 2019

Unlisted, Strate-settled, Secured Medium Term Note Programme (MTN)

JLMs/Bookrunners: Rand Merchant Bank

Legal Advisor to the JLMs: Cliffe Dekker Hofmeyr

Syndicated Loan Deal of the Year



June 2019

Senior Unsecured Credit Facility

Mandated Lead Arrangers: Bank of America, Citi, Mizuho, MUFG

Legal Advisor to the Borrower: Shearman & Sterling LLP, ENSafrica

Legal Advisor to the JLMs: Davis Polk, Bowmans