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Baker McKenzie advised Bank One on $100-million local currency swap with Central Bank in sub-Saharan Africa

Baker McKenzie advised Bank One Limited ("Bank One") as arranger and swap provider in connection with a USD 100-million USD/local currency swap transaction with a central bank in sub-Saharan Africa (with up to USD 150-million greenshoe option) and a participation agreement with multiple lenders. Under the terms of the transaction documents, the swap is collateralised by government bonds held with a local custodian bank, which are returned to the central bank up...
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Michael Foundethakis appointed Chair of Baker McKenzie's Africa Steering Committee

Global law firm Baker McKenzie has announced that Michael Foundethakis, Partner and Head of the Banking & Finance Practice in Paris, has been appointed Chair of the Firm's Africa Steering Committee (ASC). The ASC has the responsibility of shaping and implementing the Firm's global Africa strategy. Foundethakis is primarily involved in cross-border Project and Trade & Export Finance. His primary focus has always been on emerging markets, with a particular emphasis on s...
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Asia Pacific Guide to Lending and Taking Security

Cross-border lending in Asia Pacific continues to grow steadily despite external factors such as COVID-19. While the region is not immune to external factors, borrowing volumes for financial institutions, credit funds and other market participants remain high in Asia Pacific. Considering the demographics of many of the nations, the various financial centers and many market participants investing more substantially in some of those financial centers, we remain optimistic that lending activity acr...
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