South Africa: AfDB agrees $375m loan for Eskom

Issue 315 - 14 Jan 2016 | 1 minute read

The African Development Bank (AfDB) has agreed a senior corporate loan worth $375m for Eskom, part of an A/B syndicated loan worth $750m, to support the utility’s capacity expansion programme. An A/B syndicated loan means that the AfDB lends part of the loan, the A part, while selling the B part of the loan to participants who accept full exposure to the underlying project credit risk. This means that the loan does not affect the AfDB’s credit rating. The five-year rolling expansion programme sets out Eskom’s capital expenditure on generation and transmission.

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