In August 2024, Kazona Maycroft concluded its mandate to raise USD 42 million in oil service receivables-backed structured trade financing for Pelfaco Ltd, one of Nigeria’s leading oil service companies.
Kazona Maycroft won an exclusive mandate from Pelfaco to facilitate the transaction and to advise Pelfaco on the structure, documentation and protocols involved in completing transactions of this nature.
The transaction is arguably the first such transaction to be provided in Nigeria by an international bank franchise using the STF approach
