Deals

Government of Uganda Interest Rate Swap. USD345.8 million, Lead Arranger

Uganda

Jun 01, 2016

Stanbic Bank Uganda’s portion of the trade was USD345.8 million and the balance of USD300 million was financed by Standard Chartered Bank. Income from the trade is subject to a 30% standard corporate tax as per the Ugandan tax system.

Standard Bank is a leading African business bank partner and finances several government projects that drives economic growth and Uganda is no exception. The Ministry of Finance, Planning and Economic Development mobilises local and external financial resources for public expenditure. It also includes the regulation of financial management to ensure efficiency in public expenditure. The Government of Uganda is the largest spender in the economy and this ministry is the sole budgeting government agency. Standard Bank is proud to be a partner in Uganda’s power and infrastructure development.

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