{"id":7348,"date":"2012-01-24T21:08:09","date_gmt":"2012-01-24T19:08:09","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/rlpc-african-borrowers-make-bullish-start-to-2012\/"},"modified":"2012-01-24T21:08:09","modified_gmt":"2012-01-24T19:08:09","slug":"rlpc-african-borrowers-make-bullish-start-to-2012","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/rlpc-african-borrowers-make-bullish-start-to-2012\/","title":{"rendered":"RLPC-African borrowers make bullish start to 2012"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>By Michelle Meineke<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Jan 24 (Reuters) &#8211; Nigerian Liquefied Natural<br \/>\nGas (NLNG) is joining a string of African borrowers looking to<br \/>\ntap the international syndicated loan market in early 2012, with<br \/>\nactive deals across the continent totalling $6 billion, bankers<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There is certainly more activity coming out of Africa than<br \/>\nthere has been for a while,&#8221; one European banker said.<\/p>\n<p><span><\/span><\/p>\n<p>A large portion of the loans this year are expected to be<br \/>\nnew money, propelling telecom, infrastructure and commodity<br \/>\ndevelopments.<\/p>\n<p><span><\/span><\/p>\n<p>While Europe struggles with a debt crisis, lenders&#8217; optimism<br \/>\nover Africa&#8217;s potential in 2012 is built the continent&#8217;s 2011<br \/>\nvolumes of $23.76 billion, its second highest total ever.<\/p>\n<p><span><\/span><\/p>\n<p>NLNG is receiving proposals for a $1 billion-plus syndicated<br \/>\nloan that will enable it to purchase new LNG tankers, with<br \/>\npotential sponsorship from National Nigerian Petroleum<br \/>\nCorporation (NNPC), ENI, Shell and Total<br \/>\n, a banker close to the deal said.<\/p>\n<p><span><\/span><\/p>\n<p>NLNG declined to comment.<\/p>\n<p><span><\/span><\/p>\n<p>Nationwide protests following Nigerian President Goodluck<br \/>\nJonathan&#8217;s decision to cut the country&#8217;s fuel subsidy have not<br \/>\nderailed NLNG&#8217;s hopes, nor has it damaged state oil firm NNPC&#8217;s<br \/>\nefforts to generate $3 billion worth of loans.<\/p>\n<p><span><\/span><\/p>\n<p>Exxon Mobil and NNPC&#8217;s $1.5 billion loan to back the<br \/>\ndevelopment of offshore oil fields is expected to close by the<br \/>\nend of January, while negotiations for NNPC&#8217;s second $1.5<br \/>\nbillion deal are under way again.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Michelle Meineke LONDON Jan 24 (Reuters) &#8211; Nigerian Liquefied Natural Gas (NLNG) is joining a string of African borrowers looking to tap the international syndicated loan market in early 2012, with active deals across the continent totalling $6 billion, bankers said. &#8220;There is certainly more activity coming out of Africa than there has been [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7348","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7348"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7348\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}