MTN Uganda $114 million multi-currency financing

5/2/2016

Financing

Value:

$ 114 million

Status:

Completed

Date:

5/2/2016

Overview:

Uganda's largest telecommunications company MTN Uganda has obtained $114 million in multi-currency financing.
The total $114 million was originally provided as USh240 billion and $44 million.
The lender was a syndicate composed of seven international banks.
The lenders' global coordinators were The Standard Bank of South Africa and Stanbic Bank Uganda.

Kurt Stumpo - Journalist

Jurisdictions:

Uganda
United Kingdom

Deal type:

Financing

Practice area:

Banking

Governing law:

England and Wales

Industry sector:

Technology and telecommunications

Firms:

MMAKS Advocates

Party: Standard Bank of South Africa (Global coordinator)

Party: Stanbic Bank Ghana (Global coordinator)

Shonubi Musoke & Co

Party: MTN Uganda (Borrower)

Lawyer: Noah Edwin Mwesigwa

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