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 upon termination of the swap. The documents are structured for potential repeat transactions on a synd...
Source: polity.org.za
