Originated and structured a pre-shipment commodity and contracts linked 5 year syndicated financing transaction for a mining house which at that time was the largest producer of copper and cobalt in Africa. The transaction, which at that time was the largest of its kind, and was voted African Trade Finance Deal of the Year by Euromoney Magazine, also involved an innovative swap of put and call options (collar) on the international prices of copper and cobalt.
A unique feature about gold loans is that they are relatively cheaper than Euro-Dollar loans, given the fact that gold inter-bank rates are worked out by subtracting the Gold Forward Rate (GOFO) from the corresponding London Inter Bank Offered Rate (LIBOR). Gold loans also provide a readily available hedging mechanism for a gold mining company.
Part of a Steering Committee which was formed to lay the groundwork for the establishment of a secondary mortgage market (through trading of mortgage backed securities) in a certain African country. This was an initiative of the Treasury Department of the United States of America and the Country’s Central Bank, aimed at among others, creating liquidity for mortgage financing as a way of responding to the huge demand for decent housing.
93 Protea Road Sandton 2096 - South Africa
P.O BOX 3301 Halfway House - Midrand 1685
Kingston Capital Limited
Abacus House - 33 Gutter Lane
London EC2V BAR
Kenya Office - PO Box 25446
Lavington - 00603
Ceo Direct : 082 432 1456