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Strong growth in emerging markets is driving demand for infrastructure, with the financing and operation of infrastructure such as power plants, roads, rail networks, ports and pipelines becoming the preserve of the private sector. In recent years there has been renewed interest by large mining houses in large mining developments as part of a drive to take advantage of global demand for natural resources. The challenge for financial institutions is to finance these projects competitively and sustainably.
Why talk to us?
- Standard Bank's broad transactional and commercial experience in emerging markets positions us well to offer a full spectrum of project finance products and capability.
- With the widest and most established banking network in Africa, we use in-country skills and local knowledge to develop project finance solutions.
- Our experts come from diverse disciplines and are knowledgeable in a variety of sectors, as well as having an in-depth understanding of local legal, fiscal and regulatory frameworks in emerging markets.
- Standard Bank's partnership with the Industrial and Commercial Bank of China (ICBC), gives us an unrivalled ability to facilitate trade and investment between Africa and Asia, and brings further support through ICBC's international lending and arranging capabilities, as well as access to Chinese developers and lenders.
- We have well established relationships with development finance institutions, ensuring that all of the developmental aspects in our projects are met.
- We are joint lead arranger and underwriter of Africa's biggest public private partnership, the Gautrain rapid rail project. With an estimated cost of $3.9 billion, this project is currently under development in Gauteng, South Africa's commercial heartland.
- Our considerable cross-border capabilities are evident in deals such as the building of a pipeline to transport natural gas from Mozambique to South Africa, in which Standard Bank is the lead arranger and underwriter.
- We were the sole global coordinator and mandated lead arranger for MTN Nigeria's $2 billion syndicated facility to fund the expansion of its telecoms network in Africa's most populous country.
- Standard Bank has long understood the value of pooled funds to address gaps in local capital markets. We are involved in the following funds:
- The $305 million Emerging Africa Infrastructure Fund
- The $175 million African Infrastructure Investment Fund
- The R800 million Southern African Infrastructure Fund, which has fully invested its capital, of which almost a third was provided by Standard Bank.
Services
Standard Bank acts in any one or a combination of the capacities of financial advisor, arranger and underwriter of senior, mezzanine debt and equity for all large capital projects. Our project finance services include:
- Project evaluation and feasibility studies
- Financial modelling and sensitivity analysis
- Risk evaluation and risk mitigation strategies
- Advice on the structure of project contracts
- Taking an active role in negotiations
- Financial structuring
- Arranging of multi-source funding, including development finance and export credit (specialising in customised political risk structuring)
- Underwriting and lending
Our project finance team’s specialists have broad skills and industry-specific knowledge, and work closely with other areas of the bank to create customised solutions that draw on sector and product expertise from across the bank. We have particular experience in the following industries:
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Contact us
Click here for our contact details
Recent deals
Rabai Power Project, Euro 74.6 million debt finance deal
The Emerging Africa Infrastructure Fund (“EAIF”) has agreed to provide senior and mezzanine finance totalling Euro 22.57 million to the Rabai Power Project in Kenya (“Project”). EAIF was advised by Frontier Markets Fund Managers (“FMFM”), who also arranged the additional debt to be provided by FMO from the Netherlands, Proparco from France and DEG from Germany. The sponsors of the project are Aldwych International Ltd (“Aldwych”) and Burmeister & Wain Scandinavian Contractor A/S (“BWSC”).
Lekki-Epe Expressway NGN 11 billion loan
Lekki-Epe Expressway is a 30 year project to build and operate a toll road corridor along the Lekki peninsula in Nigeria. Standard Bank Plc is the Lead Arranger to the International Tranche (largest lender representing 35% of senior debt). The Standard Bank of South Africa (SBSA) is also Financial Advisor to the Project and Stanbic IBTC Bank Plc (Stanbic IBTC) is the Lender and participant in the Offshore Tranche.
Recent accolades
Most innovative in Trade and Project Finance (2008)
The Banker
Deal of the Year - Finland for Talvivaara Nickel Project US$320m debt facility (2008)
The Banker
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