Vodacom Tanzania has closed an innovative US$90 million Syndicated Loan Facility with Citibank Tanzania Limited that will be used to finance capital expenditure.
Citi is the mandated lead arranger and book runner, for the multi tranche 5-year syndicated loan facility of US$ 150,000,000. The initial $ 90,000,000 multi currency financing has been completely sourced through local banks along with Citibank Tanzania Limited.
KCB (Tanzania) Ltd and National Microfinance Bank Plc as senior lead arrangers, National Bank of Commerce Ltd and Stanbic Bank Tanzania Ltd as senior arrangers.
CRDB Bank Plc and Standard Chartered Bank of Tanzania Ltd as arrangers and the Bank of Baroda (Tanzania) Ltd as a participant.
Citi is mandated for arranging a further US$ 60,000,000 from the overseas markets.
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