Olanwun Ajayi’s Banking and Finance Practice advised on the following transactions in the recent past:
Financing
- US$200 Million First Bank/Merrill Lynch Tier II Financing;
- US$150 Million Union Bank/Merrill Lynch Tier II Financing;
- US$50 Million United Bank for Africa/IFC Convertible Financing;
- US$50 Million Skye Bank Convertible Financing;
- US$35 Million Merrill Lynch/Ikeja Hotels Financing;
- US$25 Million Merrill Lynch/Elgee Limited Financing;
- US$250 Million Merrill Lynch/Oando Convertible Facility;
- US$30 Million Access Bank/FMO Convertible Financing;
- US$10 Million Guaranty Trust Bank/FMO Facility;
- US$10 Million Diamond Bank/FMO Facility;
- US$25 Million Afrexim/Lonestar Financing
- N12 Billion Standard Chartered/Union Bank Financing;
- £15 million pounds sterling Guinness convertible loan stock;
- £70 million Euro Nigeria Breweries Plc convertible loan stock;
Securities
- Guaranty Trust Bank Plc US$ 900 Million GDR Issue;
- Guaranty Trust Bank USD$350 Billion Eurobond Issue;
- US$400 Million Intercontinental Bank Eurobond Issue;
- US$600 Million FCMB GDR Issue;
- N 30 Billion Kaduna State Bond Issue;
- N 25 Billion Lagos State Bond Issue;
- N 20 Billion Tinapa Bond Issue; and
- N 10 Billion Tinapa Bond Series II Issue.
Mergers and Acquisitions
- United Bank of Africa/Standard Trust Bank Plc Merger ;
- Unity Bank merger (among Intercity Bank Plc, NNB International Bank Plc, Bank of the North Ltd, New Africa Bank Ltd, First Interstate Bank Plc, Tropical Commercial Bank Plc, Pacific Bank Ltd, Societe Bancaire Ltd and Centre Point Bank Plc);
- Intercontinental Bank Merger (consisting of Intercontinental Bank, Equity Bank and Global Bank);
- Skye Bank Plc Merger (consisting of Prudent Bank Plc, EIB Bank, Bond Bank Plc, Relinace Bank and Co-operative Bank);
- Sterling Bank Plc Merger (comprising of Magnum Trust Bank, NBM Bank, Indo-Nigerian Bank, NAL Merchant Bank, and Trust Bank of Africa Plc);
- First City Monument Bank Merger (comprising of FCMB and Co-operative Development Bank);
- Afribank Merger (comprising of Afribank International (Merchant Bankers) Limited, Trade Bank Plc and NNB International Bank and Afribank Nigeria Plc);
- IBTC / Chartered Bank Merger;
- Acquisition of Grindlays Merchant Bank by Standard Bank;
- Kapital Insurance Limited/Intercontinental Insurance Company Limited/ Global Commerce & Assurance Company Limited Merger;
- British American Tobacco/ Nigerian Tobacco Company Merger;
- Edo Cement/Bendel Cement Merger;
- Acquisition of Valucard Nigeria by VISA International;
- Acquisition of Multilinks by Telkom SA;
- Acquisition of Agip Nigeria’s interest in Nigeria LNG by Agip International; and
- Acquisition of Ashaka Cement Plc by Blue Circle.
Asset/Fund Management
- CBN Foreign Reserves and Asset Management Project
- US$100 Million Nigeria International Debt Fund
- N 10 billion Nigeria Energy Sector Fund;
