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International Funding PDF print email

We are in the business of facilitating new and existing relationships with International Banks and Financial institutions with the aim of forming strategic alliances and accessing funds for the entire Asset Portfolio of the Bank.

This is to ensure that we are better leveraged to structure large ticket transactions for our Corporate Banking, Public Private Partnerships, Investment Banking and Development Finance Customers.

To date we have been successful in raising our profile and creating some presence for Skye Bank with top tier financial institutions in the international markets.

We are positioned as a Bank in our capacity to raise funds to cater for our numerous clienteles as we encourage investors and clients to participate with Skye Bank in emerging lucrative projects.

OUR ROLE

  • The International funding team would specialise in raising finance that have a long-term debt capital requirement. The long-term tenure of these projects generally require reciprocally tenured loans, this structuring often times reduces the default risk when the Loans are due for repayments. It is vital that the loan maturity is long enough to take into consideration the years of constructing such projects before its cash flow is activated.
  • In view of the predominant Trade transactions in the Bank, the International Funding team shall establish Trade Finance Lines with Triple A rated Financial Institutions for the use of the Corporate Banking Group and the Bank as a whole for the following:
    • LC Confirmation
    • Re-finance of trade transactions
    • Guarantees
  • The International funding team will hedge against FX Risk; an important aspect of the Loan or finance attribute is the exposure to currency risk, most project finance in developing countries are financed with a typical financing mix consisting of equity & debt. However, cash flows from the project revenues are often generated in local currencies; while repayments of the Loans are normally in the foreign currency the loan is denominated in. Adverse movements in foreign exchange rates can substantially increase the cost of foreign exchange loans, and loans that appear financially profitable in local currency can very quickly be seen as loss making after conversion to original Loan denomination currency.
  • In Nigeria, time and experience has demonstrated the difficulty of maintaining a stable exchange rate within a restricted fluctuation limit. Effective policies are needed to manage the repercussions of exchange rates, this would help the Skye bank and their international partners investing in Nigeria’s Infrastructure to become far more competitive and also help improve the local investors access to finance

For more information on how we may assist your business or raise capital to fund specific macro projects please contact:

  • Mojisola Hunponu-Wusu - This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Olamipe Seriki - This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Gbeke Tuyo - This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Afolabi Oni - This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Obiageli Emeifeozor - This e-mail address is being protected from spambots. You need JavaScript enabled to view it
 

How may we help you?

0700 SKYEBANK
0700 75932265
0806 988 0000
01 4482 100

Email: yescenter@skyebankng.com

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