At Corporate & Investment Banking we aim to be the leading corporate and investment banking business in, for and across Africa, with a deep specialisation in natural resources.
We provide services to governments, parastatals, larger corporates, financial institutions and international counterparties around the world, and serve our clients requirements for banking, finance, trading, investment, risk management and advisory services.
Southey Holdings – ZAR1.4 billion management buy-out ,
Standard Bank enabled a consortium led by the management of industrial services provider Southey Holdings to acquire Aureos Capital's effective 49.4% stake in Southey South Africa and its 51.5% share in Southey Mauritius. This was effected by Standard Bank as advisor and sole mandated lead arranger, underwriting a ZAR700 million acquisition financing package that incorporated both senior and mezzanine financing. The complex nature of the transaction required input from no fewer than ten bank functions and departments, including Standard Bank's Mauritius team.
Aspen Pharmacare – USD2.7 billion term loan , , South Africa
Standard Bank utilised its extensive domestic and worldwide networks and unmatched experience in raising large amounts of debt to secure funding of USD2.7 billion for JSE-listed multinational pharmaceutical group, Aspen Pharmacare. The bank acted as sole bookrunner and underwriter of funding amounting to ZAR7.3 billion, used to refinance existing facilities on more favourable terms and to fund the construction of a large manufacturing facility. Standard Bank was joint bookrunner, mandated leader and underwriter of the USD1.985 billion portion of the facility, with these funds being successfully syndicated among a range of international banking institutions and used for a number of large, strategic acquisitions.
African Barrick Gold plc – USD142 million structured export finance loan facility, South Africa, Tanzania
Standard Bank arranged a USD142 million structured export finance loan to Bulyanhulu Gold Mine Limited, a 100% owned subsidiary of African Barrick Gold Plc. We acted as the mandated lead arranger and agent bank for the 7 year facility, which will be used to fund the expansion of the carbon in leach circuit at Bulyanhulu, their flagship operation in Tanzania. We provided a very innovative structure for the transaction to ensure the most attractive pricing for the client (Libor+2.50%). The transaction is underpinned by expropriation insurance cover from the Export Credit Insurance Corporation of SA as well as a seamless guarantee from ABG covering all causes of loss that are not covered by the ECIC insurance policy. The Bank underwrote the full facility and sold down 50% of the facility pre financial close to Standard Chartered as well as ABSA Capital.
Silicon Smelters – ZAR615 million corporate facility – South Africa, South Africa
Standard Bank refinanced an existing ZAR500 million revolving credit facility for Silicon Smelters Proprietary Limited (SiS) through a ZAR250 million three-year loan and a ZAR315 million six-year loan. SiS benefits from the refinancing through extended access to finance at a more attractive cost. The refinancing followed the conclusion of a ZAR197 million six-year medium-term loan provided to SIS’s subsidiary, Thaba Chueu Mining, to part-fund the acquisition of the Samquarz silica mine from Petmin Ltd in June 2012.
Standard Bank Group, Africa’s biggest lender by assets, has won the Super Regional award for its eMarketTrader platform in the in the 2015 Profit & Loss Services Digital FX Awards.
The oil price shock is still reverberating throughout the world, but Standard Bank Group’s West Texas Intermediate crude oil tracking exchange-traded note has received a spike in buying interest over the last six weeks as investors try and pick the bottom of the oil market.
The R21.4 billion acquisition by Woolworths of David Jones has won the Deal of the Year 2014 award at the Cell C DealMakers Annual Gala Awards Banquet, hosted in Johannesburg, South Africa last night. Standard Bank Group, Africa's largest lender by assets, acted as joint financial and debt advisor, lead debt provider, transaction sponsor, joint book runner and underwriter to Woolworths Holdings Limited, on the acquisition of the iconic Australian department store retailer and on the R2.2bn offer to the remaining Country Road minorities.
GEPF chooses Standard Bank Group to provide Master Custody and Recordkeeping Services for its more than R1.5 trillion of assets
Africa’s largest pension fund, the Government Employees Pension Fund (GEPF), has chosen Standard Bank Group to provide a full range of investor services product solutions for its more than R1.5-trillion of assets under management.
Best Bank for South African Rand , 2014
The Banker Top 500 Bank Brand 2013, 2014
Global Finance World’s Best Emerging Markets Banks
Best in Frontier Markets (Global), 2014
Global Finance World’s Best Investment
Best Investment Bank in Africa, 2014
Global Finance Magazine