Standard Bank Corporate & Investment Banking serves the diverse needs of governments, parastatals, larger corporates, financial institutions and international counterparties. We have concluded many deals that cross function, business line and region, and provide a comprehensive range of products and services to our clients through our cross-functional teams. Our market-leading solutions cross global markets, investment banking, and transactional products and services, supported by trusted advisory and research capabilities.
Standard Bank has expertise in industry sectors most relevant to real growth and development in Africa, focusing on the mining and metals; oil and gas; power and infrastructure; financial institutions; telecommunications and media; and consumer sectors. We have an extensive Real Estate capability. We also have expertise in relevant sectors at a country level, including diversified industries (including automotive), healthcare and pharmaceuticals, international development groups, and the public sector.
Standard Bank Group is pleased to announce the successful completion of a US$95 million equivalent upsizing of the syndicated term loan facilities for Helios Towers Tanzania Ltd (HTT), a subsidiary of Helios Towers Africa Ltd (HTA), to finance the next phase of expansion of its network of telecommunications towers across Tanzania. Over the last five years, HTT has grown its operations and built a robust track record of operational excellence and client-focused service.
The Standard Bank of South Limited (SBSA) has signed a US$1 billion, 36-month, term loan facility in London today. The transaction was initially launched on 4 March 2016 at US$ 600 million and was well oversubscribed allowing for a final take up of US$1 billion. The facility is priced at 120 basis points over Libor.