Baker McKenzie advised Bank One Limited on the deal.
Bank One Limited acted as arranger and swap provider on the first tranche of a USD 58 million USD/local currency swap (with up to USD 100 million greenshoe option) with an East African central bank. Under the terms of the transaction documents, the swap is collateralised by local government bonds held with a local custodian bank, which are returned to the Central Bank upon the termination of the swap.
Mauritius, Bank One is a universal bank offering consumer, corporate, private and international banking products to its clients.
The Baker McKenzie team in South Africa was led by Banking & Finance Partner Lodewyk Meyer (Picture), with Partner Matthew Dening supported by Counsel Phung Pham and Senior Associate James Tanner in London.
Law Firms: Baker McKenzie;
Clients: Bank One Limited;