Bank of China appointed another lead arranger for Mmamabula

Private power developer CIC Energy has appointed the Bank of China as a mandated lead arranger (MLA) for a $500-million Chinese commercial bank facility for the Mmamabula energy project in Botswana.

The Bank of China will join Absa Capital, a division of Absa Bank, and Standard Bank as MLAs for the energy project, the BSE-listed company said on Tuesday.

In March, it was announced that Absa Capital and Standard Bank were appointed as the MLAs for a South African commercial bank facility and the Export Credit Insurance Corporation of South Africa portion of the debt financing for the project.

Editor's Comment
Women unite for progress

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