Project finance - deals

2009 - Project finance

Standard Bank and Industrial and Commercial Bank of China (“ICBC”) were Joint Lead Arrangers on the US$ 1.6 billion coal fired Morupule B power station expansion project in Botswana (“the Project”). The Project is a major Botswana government initiative, driven by the Botswana Power Corporation (BPC), aimed at boosting the country’s power generation capacity. It comes in the wake of Eskom switching off its power to Botswana to supply growing domestic demand in South Africa.

Lekki-Epe Expressway NGN 11 billion loan, Nigeria

2008 - Project finance, Term lending

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.

Refinancing Matola Gas Company, US$25.5 million, Long Term Debt Facility, Mozambique

2008 - Carbon finance and trading, Project finance

Standard Bank was Mandated Lead Arranger of the refinancing for the US$25.5 million refinancing of the Matola Gas Company, a gas pipeline and distribution network in Matola, Mozambique.

Boynton Platinum, ZAR350 million, Bridge Facility, South Africa

2008 - Project finance

Standard Bank provided a ZAR350 million Bridge Facility to partly fund the development of a greenfield platinum project in the Pilanesberg area of the Western Limb of the bushveld complex. The total development cost of the project is approximately US$300 million and Standard Bank is also mandated to advise Platmin Limited on raising US$200 million of limited recourse project financing for the project.

Boynton Platinum, US$200 million, Limited Recourse Finance, South Africa

2008 - Project finance

Standard Bank is advising Platmin Limited on raising US$200 million of limited recourse project financing for a greenfield platinum project in the Pilanesberg area of the Western Limb of the bushveld complex project. Standard Bank also supplied Bridging Facilities of ZAR350 million to partly fund the development. The total development cost of the project is approximately US$300 million.

Mphanda Nkuwa, US$2 billion, Limited Recourse Funding, Mozambique

2008 - Project finance

Standard Bank is mandated as Financial Advisor to a consortium comprising of Camargo Correa of Brazil, Energia Capital - a Mozambican private entity, and EDM - the local utility, on the development of a 1500MW run of the river hydro project in the Tete Province of Mozambique. This project will sell power into the Southern African Power Pool.

Nairobi Northern Corridor Toll Road, Multi-Million USD, Limited Recourse Funding, Kenya

2008 - Project finance

Standard Bank is mandated as Financial Advisor for a Multi-Million USD concession for the Nairobi Toll Road. Stanbic Kenya is a Mandated Lead Arranger to a Strabag and Shikun & Binui consortium as the concessionaire of the 30 year Nairobi toll road.

Moatize Coal project, US$2,5 billion, Limited Recourse Funding, Mozambique

2008 - Project finance

Standard Bank is mandated as Financial Advisor to Vale (formerly CVRD) on the development of the Moatize coal field in the Tete province of Mozambique. Standard Bank is advising Vale through the Pre and Bank Feasibility Studies for the construction of the mine, processing plant, rail link, port and an associated power plant (2400MW).

TAV Tunisie S.A, Tunisia, Debt Package of EUR398 million, Public Private Partnership (PPP) in Northern Africa, Tunisia

2008 - Project finance

Standard Bank acted as joint Mandated Lead Arranger and Underwriter to a TAV Havalimanlari Holdings A.S. (“TAV”) majority held special purpose vehicle (TAV Tunisie S.A.), which was awarded a 40-year concession to operate and maintain an existing airport in Monastir, Tunisia and a 40-year concession to design, build, finance and operate a new airport at Enfidha, Tunisia.

Mostazal Casino Resort, US$200 million, Limited Recourse Funding, Chile

2008 - Project finance

Standard Bank is mandated as Lead Arranger and Underwriter for a US$200 million hotel and casino resort development in Chile. The sponsors are Sun International Ltd and Novomatic AG.

Incwala Platinum, ZAR900 million, Preference Shares, South Africa

2008 - Project finance

Standard Bank participated in a ZAR900 million Preference Share investment in Incwala Platinum together with ABSA, Investec, Rand Merchant Bank and Standard Chartered Bank. The investment was to refinance Incwala's exisiting Preference Shares.

Rosh Pinah, ZAR300 million, Limited Recourse Finance, Namibia

2008 - Project finance

Standard Bank is co-lead Arranger alongside ABSA Capital, and has been mandated to arrange ZAR300 million for the facilitation of a BEE/Namibianisation transaction.

2008 - Project finance

Standard Bank was appointed as Financial Advisor and Mandated Lead Arranger to CEC on a debt capital raising exercise to fund the expansion of the business and to upgrade some of the existing assets. The deal size is US$50 million.

IPSA Newcastle, R100m Corporate Facility, South Africa

2008 - Project finance

Standard Bank is Lending R100m to the IPSA owned CoGen plant at Newcastle in the first phase of the refinancing of Newcastle Cogeneration Pty Limited. The plant sells power into the national grid and it sells steam to an industrial plant called Karbochem which is located adjacent to the plant.

IPSA Coega Combined Cycle Gas Turbine plant, R3.5Billion, Limited Recourse Funding, South Africa

2008 - Project finance

Standard Bank is acting as the Mandated Lead Arranger to IPSA on the financing of a simple cycle gas turbine project. The plant will sell power into the national grid and it will be developed in a two phase process, with phase 1 comprising installing 500MW of simple cycle gas turbine generation followed by a further 500 MW also in simple cycle. Subsequently both plants will be converted into 1600MW of combined cycle through the addition of a 300 MW steam turbine to each 500 MW block.