The Bank of Industry, BOI, has received €1.425 billion from the senior phase of its global loan syndication, representing a 42.5 percent oversubscription from international financial markets.
In a statement, the bank said that the Facility includes a fully guaranteed and a partially guaranteed tranche by Africa Finance Corporation.
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According to the MD/CEO of the Bank Dr Olasupo Olusi, the proceeds of the loan will help finance a growing demand for Bol funds across the country.
