Capital structure

Vantage Capital invests $ 23 million in PickAlbatros Hotels

Vantage Capital (, Africa’s largest mezzanine fund manager, today announced that it has provided $ 23 million in mezzanine debt financing to PickAlbatros Hotels. The proceeds will be used to finance working capital and renovations to several recently acquired hotels. PickAlbatros is a leading hotel owner and operator in Egypt, …

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CardinalStone lists 5-year N5bn bonds on NGX

Goddy egene The Nigerian Exchange Limited (NGX) has listed CardinalStone Financing SPV Plc’s 5 billion naira 5-year Series 1 bonds as part of the company’s naira 10 billion debt issuance program. Speaking at the virtual listing ceremony, Division Head, Business Listings, NGX Limited, Mr. Olumide Bolumole told NGX Limited, they …

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