Innovation And Adaptation In Debt Platforms

That uniquely calming warmth that comes from the sun's aspect in sub-Saharan Africa, lent its gentle warmth to the professionally upbeat streets of Johannesburg's northern suburbs in October, where inside plush air conditioned board rooms, a small cadre of the most sophisticated banks in the SSA market met with one of Africa's largest private equity houses and management team for an old school in person week-long negotiation to thrash out the most sophisticated debt issuance the continent has seen to date.

While the market has seen the increasing use of fixed pool portfolio financing, these structures have been limited to pre-determined lists of projects with limitations on additional debt being raised without the need to come back for lender consent.