Bits: UBN Starts Syndicating $100m Loan, FCMB Obtains $150m Loan

Standard Chartered started syndicating term loan on Feb. 3 for Union Bank of Nigeria, according to e-mailed statements from the arranger. * Tenor: 3y * Margin: L+450 bps * Repayment: amortizing after 1y grace period * Debt will finance bank’s U.S. dollar trade finance business and general funding requirements * Commitments due: March 3 * NOTE: Nov. 7: UBN seeks $100m syndicated loan *Nigerian lender First City Monument Bank obtains $150m loan.

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