9th March 2022
Mount Nelson, Cape Town
2021&22
NOMINATIONS ARE NOW CLOSED!
300+
NOMINATIONS RECEIVED IN 2021
200+
SENIOR DECISION-MAKERS

About the Bonds & Loans Africa AWARDS 2021 & 2022

The nominations for the Bonds & Loans Africa AWARDS 2021 and 2022 are now closed. The 2021 Bonds & Loans Africa AWARDS was postponed due to the disruptions caused by COVID-19. However, we are delighted to advise that the Bonds & Loans Africa AWARDS ceremony in 2022 will feature winners from both years – winners selected on performance in 2020 and 2021.

Since 2014, the Bonds & Loans Awards has been recognising the most innovative and ground-breaking deals from Sovereign, Corporate and Financial Institution issuers and borrowers. In 2022, we are delighted to announce that for the first time we will be recognising the outstanding achievements of Investment Banks' Deal Teams, Funding Teams, Investment Managers, and Legal Advisers.

The exhaustive selection process involves close examination of deal size, tenor, structure, and distribution; analysis and background of the borrower and their accessibility to financing; with extra credit for those deals demonstrating high quality execution, accessing new pools of liquidity, innovative structuring, and opening-up new markets.

Bringing together the industry’s most high-profile figures, the Bonds & Loans Africa Awards ceremony is an opportunity to raise the profile of the financial markets with the international investment community, and to inspire future issuance by African companies.



WATCH THE 2022 AWARDS HIGHLIGHTS VIDEO

CONGRATULATIONS TO THE 2022 & 2021 WINNERS!

Following a rigorous selection process, we are delighted to announce the Bonds & Loans Africa AWARDS 2022 and 2021 winners! This year's awards ceremony will feature winners from both years. To join the African industry's most high-profile figures at the awards ceremony on the 9th March 2022 at the Mount Nelson, Cape Town, book your table here today.

2022 WINNERS

Deals of the Year WINNERS:

International Sovereign, Supra & Agency Bond Deal of the Year 2022

  • Republic of Ghana USD 3.25bn 144a/RegS 4-Tranche Bond (April 2021)
  • JLMs/Bookrunners: Citi, BofA Securities, Rand Merchant Bank, Standard Bank, Standard Chartered, CalBank, Databank Brokerage, Fidelity Bank, IC Securities, Temple Investments
  • Legal Advisers to Issuer: White & Case, Korteng & Korteng, CQ Legal and Consulting
  • Legal Adviser to the JLMs: Herbert Smith Freehills, ENSafrica

International Corporate Bond Deal of the Year 2022

  • BIDVEST USD 800m 144a/RegS Senior Unsecured 5NC2 Bond (Sept 2021)
  • JLMs/Bookrunners: Absa, Barclays, BofA Securities, BNP Paribas, Citi, Rand Merchant Bank, Standard Bank
  • Legal Advisers to Issuer: White & Case
  • Legal Adviser to the JLMs: Cleary Gottlieb & Hamilton

International Bank/FI Bond Deal of the Year 2022

  • Access Bank USD 500m 144a/RegS Perpetual NC5.25 Bond (Sept 2021)
  • JLMs/Bookrunners: Citi, JPMorgan, Mashreq, Renaissance, Chapel Hill Denham Advisory,
  • Coronation Merchant Bank
  • Legal Advisers to Issuer: Clifford Chance LLP, Aluko & Oyebode, Wigwe and Partners
  • Legal Adviser to the JLMs: White & Case, Banwo and Ighodalo, Templars

Local Currency Sovereign, Supra & Agency Bond Deal of the Year 2022

  • Rand Water ZAR 1.709bn Sustainability-Linked Bond (June 2021)
  • JLMs/Bookrunners: Rand Merchant Bank
  • Legal Advisers to Issuer: Cliffe Dekker Hofmeyer
  • Legal Adviser to the JLMs:

Local Currency Corporate Bond Deal of the Year 2022

  • East African Breweries KES 11bn Senior Secured Bond with Transitionary Bridge Financing (Oct 2021)
  • JLMs/Bookrunners: Absa
  • Legal Advisers to Issuer: Coulson Harney
  • Legal Adviser to the JLMs:

Local Currency Bank/FI Bond Deal of the Year 2022

  • Urban Ubomi 1(RF) Ltd ZAR 609m Securirisation/Social Bond (Mar 2021)
  • JLMs/Bookrunners: Standard Bank
  • Legal Advisers to Issuer: Webber Wentzel
  • Legal Adviser to the JLMs:

Structured Bond Deal of the Year 2022

  • SAPPI Southern Africa ZAR 1.8bn Convertible Bond (Nov 2020)
  • JLMs/Bookrunners: Morgan Stanley, Rand Merchant Bank
  • Legal Advisers to Issuer: Webber Wentzel
  • Legal Adviser to the JLMs:

International Syndicated Loan Deal of the Year 2022

  • Bank of Industry USD 1bn Syndicated Term Loan Facility (Dec 2020)
  • JLMs/Bookrunners: AFREXIM, Credit Suisse, Rand Merchant Bank, SMBC, Africa Finance Corporation
  • Legal Advisers to Borrower: Olaniwun Ajayi LLP
  • Legal Adviser to the JLMs: White & Case, G.Elias

Local Currency Syndicated Loan Deal of the Year 2022

  • MTN Zambia ZMW 960.764m and ZAR 270m Multi-Currency Term Loan Facility (June 2021)
  • JLMs/Bookrunners: Rand Merchant Bank
  • Legal Advisers to Borrower: Webber Wentzel
  • Legal Adviser to the JLMs: Edward Nathan Sonnenbergs, Corpus Legal Practitioners

Structured Loan Deal of the Year 2022

  • African Natural Resources & Mines Limited (ANRML) NGN 83.1bn Syndicated Term Loan within Differentiated Cash Reserve Regime of Central Bank of Nigeria’s Real Sector Support Facility (May 2021)
  • JLMs/Bookrunners: Citi, Union Bank of Nigeria, GT Bank, Standard Chartered Bank, UBA, FCMB,
  • Coronation Bank, FBNQuest Merchant Bank, Globus Bank
  • Legal Advisers to Borrower: Templars
  • Legal Adviser to the JLMs: Norton Rose, Aluko & Oyebode

Project & Structured Finance Deal of the Year 2022

  • Ministry of Finance, Republic of Angola USD 910m Syndicated Loan/IBRD Partial Risk Guarantee Facility with ATI CRI Cover (June 2021)
  • IFI/DFI Lenders: World Bank, BPI
  • MLAs/Arrangers/Bookrunners: Standard Chartered Bank, BNP Paribas, Credit Agricole, Credit Suisse, Societe Generale, Landesbank Hessen-Thüringen, Santander
  • Legal Adviser to Obligor: ASP Advogados, VdA Legal Partners
  • Legal Advisers to Borrower: Norton Rose Fulbright
  • Legal Adviser to the JLMs: Allen & Overy

International ESG & Sustainable Finance Deal of the Year 2022

  • Ecobank Transnational Incorporated USD 350m 144a/RegS 10NC5 Tier-2 Sustainability Notes (June 2021)
  • MLAs/Arrangers/Bookrunners: Citi, Mashreq, Renaissance Capital, Standard Chartered Bank
  • Legal Advisers to Issuer: Norton Rose
  • Legal Adviser to the JLMs:

Local Currency ESG & Sustainable Finance Deal of the Year 2022

  • Nedbank Group ZAR 910m SDG-Linked Subordinated Additional Tier 1 Capital Private Placement (June 2021)
  • JLMs/Bookrunners: Nedbank
  • Legal Advisers to Issuer: Cliffe Dekker Hofmeyer
  • Legal Adviser to the JLMs:

Bank Awards WINNERS:

  • International Markets Bond House of the Year 2022: Citi
  • Local Markets Bond House of the Year 2022: Standard Bank
  • International Markets Loan House of the Year 2022: Standard Chartered
  • Local Markets Loan House of the Year 2022: Absa
  • International Markets ESG & Sustainable Finance Adviser of the Year 2022: Natixis
  • Local Markets ESG & Sustainable Finance Adviser of the Year 2022: Standard Bank
  • Sub-Sahara Africa Investment Bank of the Year 2022: Absa
  • East Africa Investment Bank of the Year 2022: Stanbic
  • West Africa Investment Bank of the Year 2022: Stanbic
  • Project & Structured Finance Bank of the Year 2022: Standard Bank

Borrower Awards WINNERS:

  • Sovereign, Supra & Agency Treasury & Funding Team of the Year 2022: Republic of Benin
  • Corporate Treasury & Funding Team of the Year 2022: Liquid Intelligent Technologies
  • Bank Treasury & Funding Team of the Year 2022: Access Bank

Legal Awards WINNERS:

  • Banking & Finance Legal Adviser of the Year 2022: Allen & Overy
  • Capital Markets Legal Adviser of the Year 2022: White & Case

2021 WINNERS

Deals of the Year WINNERS:

International Sovereign, Supra & Agency Bond Deal of the Year 2021

  • Africa Finance Corporation USD 700m RegS Senior Unsecured Bond (June 2020)
  • JLMs/Bookrunners: JPMorgan, MUFG, BofASecurities, Goldman Sachs
  • Legal Advisers to Issuer: Clifford Chance
  • Legal Adviser to the JLMs: White & Case

International Corporate Bond Deal of the Year 2021

  • Helios Towers USD 750m 144a/RegS Senior Unsecured Bond (June 2020)
  • JLMs/Bookrunners: BofA Securities, JPMorgan, Standard Bank, Absa, Barclays
  • Legal Advisers to Issuer: Linklaters
  • Legal Adviser to the JLMs: Paul Hastings

International Bank/FI Bond Deal of the Year 2021

  • First Bank of Nigeria USD 350m 144a/RegS Senior Unsecured Bond (Oct 2020)
  • JLMs/Bookrunners: Citi, Renaissance Capital, Standard Chartered
  • Legal Advisers to Issuer: Clifford Chance, G.Elias & Co
  • Legal Adviser to the JLMs: White & Case, Templars

Local Currency Sovereign, Supra & Agency Bond Deal of the Year 2021

  • Port Autonome de Dakar (PAD) XOF 60bn Senior Unsecured Bond (Oct 2020)
  • JLMs/Bookrunners:
  • Legal Advisers to Issuer: Clifford Chance, Mame Adama Gueye & Associes Avocats
  • Legal Adviser to the JLMs:

Local Currency Corporate Bond Deal of the Year 2021

  • Dangote Cement NGN 100bn Senior Secured Bond (April 2020)
  • JLMs/Bookrunners: Absa Capital, Stanbic IBTC Capital, Standard Chartered, United Capital
  • Legal Advisers to Issuer: Banwo & Ighodalo
  • Legal Adviser to the JLMs: Olaniwun Ajayi

Local Currency Bank/FI Bond Deal of the Year 2021

  • Nedbank Group ZAR 2bn SDG-Linked Subordinated Tier 2 Capital (July 2020)
  • JLMs/Bookrunners: Nedbank
  • Legal Advisers to Issuer: Cliffe Dekker Hofmeyer
  • Legal Adviser to the JLMs: White & Case

International Syndicated Loan Deal of the Year 2021

  • African Export Import Bank (AFREXIM) USD 907.5m Loan (May 2020)
  • JLMs/Bookrunners: EmiratesNBD, MUFG, Standard Chartered, Bank ABC, HSBC, State Bank of India, ICBC, Mizuho, Rand Merchant Bank, SMBC, Commerzbank, First Abu Dhabi Bank
  • Legal Advisers to Borrower:
  • Legal Adviser to the JLMs: Baker & McKenzie

Local Currency Syndicated Loan Deal of the Year 2021

  • Pepkorfin Proprietary ZAR 2.5bn 3-year Bullet Term Loan, ZAR 2.5bn 3-year Revolving Credit Facility
  • Guaranteed by Pepkor Holdings (Sept 2020)
  • JLMs/Bookrunners: Rand Merchant Bank, Standard Bank
  • Legal Advisers to Borrower: Cliffe Dekker Hofmeyer
  • Legal Adviser to the JLMs: Webber Wentzel

Structured Loan Deal of the Year 2021

  • Mozambique LNG USD 14.9bn Commercial and ECA-Backed Term Loan (July 2020)
  • MLAs/Arrangers: Absa, ICBC, IDC, Standard Bank, SMBC, Societe Generale, Cassa Depositi e Prestiti,
  • Credit Agricole, DBS Bank, JPMorgan, Mizuho, MUFG, Nedbank, Nippon Life Insurance, Rand Merchant Bank, Shinsei Bank, Standard Chartered, AFREXIM, AfDB, Export-Import Bank of Thailand, US EXIM, JBIC, UKEF
  • Legal Advisers to Borrower: Latham & Watkins
  • Legal Adviser to the JLMs: White & Case

Project & Structured Finance Deal of the Year 2021

  • Ministry of Finance and Planning, United Republic of Tanzania USD 1.641bn Syndicated Commercial and ECA-Backed Term Loan (June 2020)
  • MLAs/Arrangers/Bookrunners: Standard Chartered, KfW-IPEX Bank, DBSA, TDB, AFREXIM
  • Legal Advisers to Borrower:
  • Legal Adviser to the JLMs: Baker & McKenzie

International ESG & Sustainable Finance Deal of the Year 2021

  • African Development Bank USD 3.1bn 144a/RegS Social Bond (April 2020)
  • JLMs/Bookrunners: BofA Securities, Citi, Credit Agricole, Goldman Sachs, TD Securities
  • Legal Advisers to Issuer: Norton Rose
  • Legal Adviser to the JLMs: White & Case

Local Currency ESG & Sustainable Finance Deal of the Year 2021

  • Nedbank Group ZAR 2bn SDG-Linked Subordinated Tier 2 Capital Private Placement (July 2020)
  • JLMs/Bookrunners: Nedbank
  • Legal Advisers to Issuer: Cliffe Dekker Hofmeyer
  • Legal Adviser to the JLMs: White & Case

Bank Awards WINNERS:

  • International Markets Bond House of the Year 2021: J.P. Morgan
  • Local Markets Bond House of the Year 2021: Rand Merchant Bank
  • International Markets Loan House of the Year 2021: SMBC
  • Local Markets Loan House of the Year 2021: Standard Bank
  • International Markets ESG & Sustainable Finance Adviser of the Year 2021: Citi
  • Local Markets ESG & Sustainable Finance Adviser of the Year 2021: Nedbank
  • Sub-Sahara Africa Investment Bank of the Year 2021: Standard Bank
  • East Africa Investment Bank of the Year 2021: Stanbic
  • West Africa Investment Bank of the Year 2021: Stanbic
  • Project & Structured Finance Bank of the Year 2021: Standard Chartered Bank

Borrower Awards WINNERS:

  • Sovereign, Supra & Agency Treasury & Funding Team of the Year 2021: Africa Finance Corporation
  • Corporate Treasury & Funding Team of the Year 2021: Pepkor

Legal Awards WINNERS:

  • Banking & Finance Legal Adviser of the Year 2021: Baker & McKenzie
  • Capital Markets Legal Adviser of the Year 2021: Clifford Chance

2022 AWARDS - CRITERIA TO ENTER

  • Transactions submitted for 2022 Deals of the Year must have closed between 1st November 2020 and 31st October 2021
  • Submissions must have consent from the Issuer/Borrower for the transaction to be nominated
  • Banks may only nominate one deal per Award category
  • For the Bank, Borrower and Legal Awards only performance in Q4 2020 and YTD 2021 will be considered
  • All submissions must be received by COB on Friday 19th November 2021

2021 AWARDS - CRITERIA TO ENTER

  • Transactions submitted for 2021 Deals of the Year must have closed between 1st January 2020 and 31st October 2020
  • Submissions must have consent from the Issuer/Borrower for the transaction to be nominated
  • Banks may only nominate one deal per Award category
  • For the Bank, Borrower and Legal Awards only performance in 2021 will be considered
  • All submissions must be received by COB on Friday 19th November 2021

CATEGORIES

Deals of the Year: Bank Awards:
International Sovereign Bond Deal of the Year International Bond House of the Year
International Corporate Bond Deal of the Year Local Currency Bond House of the Year
International Bank/FI Bond Deal of the Year International Loan House of the Year
Local Currency Sovereign Bond Deal of the Year Local Currency Loan House of the Year
Local Currency Corporate Bond Deal of the Year International ESG & Sustainable Finance Adviser of the Year
Local Currency Bank/FI Bond Deal of the Year Local Currency ESG & Sustainable Finance Adviser of the Year
Structured Bond Deal of the Year Sub-Sahara Africa Investment Bank of the Year
International Syndicated Loan Deal of the Year East Africa Investment Bank of the Year
Local Currency Syndicated Loan Deal of the Year North Africa Investment Bank of the Year
Structured Loan Deal of the Year West Africa Investment Bank of the Year
Project & Structured Finance Deal of the Year WAEMU Investment Bank of the Year
International ESG & Sustainable Finance Deal of the Year CEMAC Investment Bank of the Year
Local Currency ESG & Sustainable Finance Deal of the Year Project & Structured Finance Bank of the Year
Borrower Awards: Investor Awards: Legal Awards:
Sovereign Treasury & Funding Team of the Year Best Africa Fixed Income Strategy (Hard Currency) Banking & Finance Legal Adviser of the Year
Corporate Treasury & Funding Team of the Year Best Africa Fixed Income Strategy (Local Currency) Capital Markets Legal Adviser of the Year
Bank Treasury & Funding Team of the Year

SELECTION PROCESS AND CRITERIA

All submissions must be received by COB on Friday 19th November 2021

Please email your completed submission form to: Awards@GFCMediaGroup.com

Winners will be notified of their success after Thursday 20th January 2022

The Bonds & Loans Africa AWARDS Ceremony (celebrating both the 2021 and 2022 winners) will be held on the evening of Wednesday 9th March 2022 at the Mount Nelson, Cape Town

Deals of the Year Selection Process and Criteria:

  • Profile of the borrower and how much access they have to the financial markets
  • Deal size, tenor, pricing, spread compression (vs. IPTs)
  • Features of a transaction that are new to the market, or contribute to the development of the sector
  • Borrower objectives vs. results; and use of proceeds
  • Market research and feedback

Bank and Legal Awards Selection Process and Criteria:

  • League Table position (Deal volume and number of deals)
  • Innovation, Market Leadership and Deals of Note
  • Roles on key transactions
  • Market Feedback

Borrower Awards Selection Process and Criteria:

  • Innovation demonstrated in approach to funding and debt management
  • Market Feedback

Investor Awards Selection Process and Criteria:

  • Total return performance (net any fees, in USD)
  • Standard deviation
  • Maximum drawdown