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proach that draws on the experience
and competence of the firm.
• Ability to develop an optimal execu-
tion road map that provides insight.
• Innovative thinking and ability to de-
liver value to clients
• Ability to deliver results above and be-
yond expectations.
Some of our landmark transactions include:
• The advisory/acquisition finance in the
recent Shell divestment programme in
• Nigeria on various Oil Mining Leases.
• Sub-Saharan Africa’s first securitised
mortgage transaction (excluding
South Africa).
• First internationally distributed Nige-
rian State bond issue.
• Structured debt buy-back transaction
between the Federal Government of
Nigeria and various Nigerian banks.
• The largest corporate bond issuance in
West Africa.
• The 1st Subordinated unsecured Notes
in Nigeria.
Case study of recent transaction
This is a Joint Venture (“JV”) between NNPC
and ExxonMobil to raise US$1.4bn to de-
velop reserves of approximately 560million
barrels of oil equivalent contained;
Due to the restrictions imposed on govern-
ment owned entities an innovative struc-
ture had to be developed;
UBA and Standard Chartered Bank were
given the mandate to act as Financial Ad-
visers ;
The financing will be done via reserve
based lending; international and local
bank soundings have been conducted
with in principle commitments received ex-
ceeding the required amount;
The key tasks involved undertaking mar-
ket sounding, developing the term sheet,
project information memorandum and
loan documentation. The deal is await-
ing final signature of the project sponsors
Our Office
UBA Capital Limited
UBA House (6th Floor)
57 Marina
Lagos State
Nigeria
Wale Shonibare, MD, UBA Capital
UBA Subsidiary Focus