Recent deals

Innovative transformation deal secures local and global buy in
2019 |

In a structure requiring no equity injection from the participating shareholders, Standard Bank acted as sole financial advisor, sole transaction sponsor and funder to Sanlam on its transformational R8 billion B-BBEE transaction completed in March this year

Read more
Landmark deal transforms South African securities industry
2019 |

Standard Bank’s innovative funding of Nkholi Consolidated Investments’ ZAR 760 million purchase of Peregrine Securities has seen the creation of Legae Peresec, South Africa’s largest securities trading business.

Read more
Botswana Housing Corporation, BWP300m, Bond due 2025
2018 |

Botswana Housing Corporation (BHC) established a note programme under which it may occasionally issue tranches of notes denominated in Botswana Pula. The tranche of notes was issued by way of private placement under the programme and the listing was approved from 12 December 2018. Standard Bank acted as bookrunner and mandated lead arranger for this deal.

Read more
Kipeto Energy Limited, USD300m, Advisory & Arrangement Mandate
2018 |

Stanbic had an advisory mandate to provide overall transaction execution management along with developing the financial structure of the project and a financial model to assess the cost of alternative financial structures.

Read more
Bayport Management Limited, USD38m, Sole Arranger
2018 | ,

Standard Bank provided balance sheet support which diversified Bayport Management Limited’s (BML) funding sources. The funding was provided in local currency and used by the BML operation to grow its loan book.

Read more
Tongaat Hulett, USD42m, Sole Arranger & Underwriter
2018 |

Standard Bank acted as sole arranger and underwriter for Tongaat Hulett Xinavane (Tongaat) who required USD42 million of funding in local currency to repay shareholder loans from a parent company in South Africa.

Read more
East Africa Breweries Limited USD65m MLA and Lender
2018 |

Following an RFP process, Standard Bank was awarded a USD65 million deal in a total funding transaction worth USD110 million (KES equivalent) for East Africa Breweries Limited (EABL).

Read more
Standard Bank Angola, Corporate Bond, AOA4.7 billion
2018 |

Standard Bank Angola and Standard Bank South Africa acted as mandated lead arrangers and bookrunners of Standard Bank Angola (SBA) corporate bond issuance valued at AOA4.7 billion. Despite the turbulent market characterised by volatile oil prices, SBA was able to raise the funds within a two-week book build period.

Read more
Coca Cola Beverages Africa, USD330 million
2018 |

Standard Bank was the lead arranger and sole lender for funding facilities of USD330 million to Coca Cola Beverages East Africa, a subsidiary of Coca Cola Beverages Africa (CCBA). The funding was used to refinance existing facilities, strategic investments and for general corporate purposes.

Read more
Eaton Towers Ghana Limited, Loan Facility, USD17 million
2018 |

Stanbic Bank Ghana Limited and The Standard Bank of South Africa (Standard Bank) acted as mandated lead arrangers for a USD17 million increase of an existing term loan facility to Eaton Towers Ghana Limited (ETGL).

Read more
Stanbic IBTC Bank PLC – N30 billion Bond Issuance
2018 |

Stanbic IBTC Bank PLC (Stanbic IBTC) successfully completed a Series I Bond Issuance of NGN30 billion (USD82.7 million) in their role as one of the issuing houses and the bookrunner on the transaction. This transaction was successfully executed despite challenging market conditions within a rising interest rate environment and unstable market conditions.

Read more
West Hills Mall, USD28.5 million, Refinance Existing Debt Exposure
2018 |

Stanbic Bank Ghana was appointed as the Mandated Lead Arranger and sole lender for this funding transaction of USD28.5 million. Standard Bank of South Africa was appointed Facility Agent and Security Trustee while Stanbic Bank Ghana played the role of Account and Hedging Bank for the transaction.

Read more
Flour Mills of Nigeria PLC NGN20 11 billion Bond Issuance
2018 |

Flour Mills of Nigeria PLC (FMN) successfully completed a bond issuance of NGN10 billion (USD27.8 million) and NGN10 million (USD27.5 million) respectively. The proceeds were used to repay debt obligations.

Read more
Creating two market leaders out of one powerhouse
2018 |

Standard Bank played an integral role in supporting Imperial Holdings to create two separate businesses in a R30bn deal that will see the newly-established Imperial Logistics and Motus businesses separately listed on the JSE in November 2018.

Read more
Surgipharm Kenya Limited, KES1 billion, MLA and Sole Lender
2018 |

Stanbic Bank Kenya was the mandated lead arranger for a KES1 billion term loan to Surgipharm Limited, Kenya. This facility was meant to refinance existing shareholder debt, with Standard Bank Kenya being the sole lender.

Read more
Airtel Ghana Limited, Loan Facility, USD100 million
2018 |

Stanbic Bank Ghana and The Standard Bank of South Africa (Standard Bank) served as mandated lead arranger, underwriter, security agent and lender for the loan facility to Airtel Ghana Limited.

Read more
Forli Limited Lewanika Mall Loan Facility USD10 million
2018 |

Stanbic Bank Zambia Limited provided bilateral funding of USD10 million to Forli Limited in order to construct Lewanika shopping mall in Woodlands, Lusaka.

Read more
Eland Oil & Gas Plc USD75m Reserve Based Lending
2018 |

Stanbic IBTC Capital Limited (‘SICL’) and Standard Advisory London Limited (“SALL”) was mandated as Refinancing Coordinating Bank to arrange up to USD200 million for the development of the Opuama and Gbetiokun fields. SICL was also appointed as the Technical & Modelling Bank on this refinancing.

Read more
Bayport Savings and Loans (Ghana) Plc Loan Facility, GHS45 million
2018 |

Standard Bank served as mandated lead arranger and lender of a GHS45 million revolving credit facility to Bayport Savings and Loans (Ghana) Plc. The proceeds of the facility will be used to bridge finance for Bayport Ghana’s loan book and for general corporate purposes.

Read more
Industrial and Commercial Bank of China Limited, Term Loan ZAR4 billion
2018 |

Industrial and Commercial Bank of China Limited (ICBC) has entered into a ZAR Master Agreement with Standard Bank South Africa (SBSA) for borrowing ZAR funding from SBSA.

Read more
USD1.1 billion project financing for fertilizer plant extension (oil & gas)
2018 |

Standard Bank was appointed as joint mandated lead arranger alongside the International Finance Corporation (IFC). The total debt financing required for this expansion project was raised from a consortium of commercial banks and development financial institutions.

Read more
Meeting the water needs of tomorrow
2018 |

When the Trans-Caledon Tunnel Authority (TCTA) sought to develop Phase 2 of the Lesotho Highlands Water Project, they turned to Standard Bank for a long-term funding solution.

Read more
Telekom Networks Malawi; USD20 million multicurrency Revolving Credit Facility
2018 |

Standard Bank was appointed sole lender for a dual currency revolving facility of USD20 million for Telekom Networks Malawi Plc (TNM). This dual currency facility enables TNM to limit its exchange risk. Fund managers and banks that competed for the mandate of this transaction were unable to match Standard Bank’s innovative structure and flexibility.

Read more
US$1 billion project financing for Indorama’s second fertilizer plant in Nigeria
2018 |

Standard Bank, in its role as Joint Mandated Lead Arranger alongside IFC and other DFI’s and commercial banks has supported and participated in a new US$1 billion debt financing for Indorama Eleme Fertilizer & Chemicals Limited, Nigeria.

Read more
Dangote Cement PLC NGN50 billion commercial paper issuance
2018 |

Dangote Cement successfully completed a Series 1 & 2 commercial paper issuance of NGN50 billion (USD164 million) under its newly established NGN150 billion commercial paper programme. Its purpose was to finance short term funding requirements for general corporate purposes.

Read more
Hyprop Investments Ltd – ABB
2018 |

Standard Bank acted as the Sole Bookrunner and Transaction Sponsor on the R783 million (USD62 million) primary capital raised by Hyprop Investments Limited (“Hyprop”), executed by means of an accelerated bookbuild in May 2018.

Read more
Vivo Energy GBP603 million (USD819 million) IPO on the LSE and JSE
2018 |

On 4 May 2018, Vivo Energy successfully priced its Initial Public Offering (“IPO”) on the Premium Segment of the London Stock Exchange (“LSE”) with a secondary inward listing on the Johannesburg Stock Exchange (“JSE”). The IPO raised GBP603 million (USD819 million) in an all-secondary transaction on behalf of Vitol and Helios Investment Partners. Standard Bank acted as joint bookrunner on the IPO.

Read more
Standard Bank finances renewable energy initiatives
2018 |

Standard Bank has acted as Mandated Lead Arranger, Underwriter and Hedge Provider on seven of the 27 projects that form part of South Africa’s Renewable Energy Independent Power Producer (REIPP) procurement programme.

Read more
Republic of Angola, Joint MLA and Lender, USD169 million
2018 |

Standard Bank acted as a joint mandate lead arranger for a priority project for the Angolan government, allowing access to the new international airport in Luanda scheduled to open in 2020.

Read more
Standard Bank paves the way for local currency lending
2018 |

In a first-ever guarantee collaboration with the development finance institution Société de Promotion et de Participation pour la Coopération Economique S.A. (Proparco), Standard Bank assembled an innovative local funding structure for the construction of a ZAR 950 million 45-megawatt solar photovoltaic plant in Namiba.

Read more
Global investor appetite for Africa drives over USD 7bn debt issuance in 2017
2018 |

Standard Bank raised over USD7bn of debt for African clients from global markets in 2017, driven by strong international investor appetite for Africa.

Read more
Financing to support rental business
2018 |

Standard Bank acted as Co–Arranger and Co-Lender alongside Investec Bank in relation to funding for Goscor Finance’s rental book.

Read more
Seriti deal will transform SA’s mining and energy sectors
2018 | | Mining and metals

Standard Bank was instrumental in Seriti Resources’ acquisition of Anglo American’s Eskom-supplying coal assets in a deal that is set to transform South Africa’s mining and energy supply landscape.

Read more
Pioneering Fintech deal heralds new growth prospects in Ethiopia
2018 |

Standard Bank has partnered with M-BIRR, Ethiopia’s leading Mobile Money platform provider to deliver new equity funding for growth – our first deal in Fintech in Africa and the bank’s first successful equity raise for Ethiopia

Read more
Swan Bridge, Primary Funder, R736.5m
2018 |

Standard Bank - through the Real Estate Finance division - was the Primary Funder of R736.5 million to Swan Bridge Investment Holdings in support of a medium-term loan and a minority’s buy-out.

Read more
Hail & Cotton, Lender, USD10 million
2018 |

Hail & Cotton International BV (Hail & Cotton) approached Standard Bank for a USD10 million Revolving Trade Finance facility.

Read more
Twyford Ceramics (Kenya) USD15m, Sole Arranger and Lender
2018 | ,

Standard Bank acted as the Sole Arranger, Underwriter and Lender for a 3-year term loan facility to finance capital expenditure for Twyford Ceramics Company Ltd. based in Kenya.

Read more
R800 million, Sole Debt Funder to City Lodge Hotels Limited
2017 |

Standard Bank was appointed as the Sole Debt Funder to refinance the original Black Economic Empowerment (BEE) transaction for R800 million which it structured and implemented in 2008.

Read more
Solar Capital De Aar 3, R2.1 billion Hedge Provider
2017 |

In December 2017, Standard Bank’s Client Solutions team in Global Markets acted as long-term hedge provider to Solar Capital De Aar 3 (“SCAD3”) and provided an interest rate risk management strategy in the form of a R2.1 billion, 14-year interest rate swap.

Read more
Sole Mandated Lead Arranger and Structuring Bank
2017 |

Burgan Cape Terminals secured a project financing facility of R670 million for the construction and development of a new fuel storage facility in the Cape Town Harbour.

Read more
Novare Gateway Mall
2017 |

Standard Bank Group acted as the Mandated Lead Arranger on the transaction to provide development finance for the completion of the Novare Gateway Mall.

Read more
Standard Bank backs off-grid power initiative
2017 |

We are pleased to announce that Standard Bank has successfully arranged $55-million in commercial bank funding for M-KOPA, a Kenyan-based solar energy company. The funding will be used to grow the business for expansion into East Africa and will allow M-KOPA to fulfil their mission to upgrade lives by making high-quality solutions affordable to everyone.

Read more
Unlock Africa's natural potential
2017 |

As the largest commercial uncovered lender in the USD 8 billion Coral Floating Liquefied Natural Gas (FLNG) project in Mozambique, Standard Bank continues to lead the way as the ‘go to’ bank for project finance in Africa. Standard Bank and it’s 20% shareholder, the Industrial and Commercial Bank of China (ICBC) are collectively the largest lenders to the project –reflecting the power of their partnership in driving African growth.

Read more
Project Tawny, Co-Arranger & Co-Lender
2017 |

Standard Bank acted as Co-Lead Arranger and Co-Lender alongside RMB to conclude this transaction.

Read more
ZAR Clearing, FX, Money Markets, Derivatives & CLS Payments
2017 |

Standard Bank was awarded the ZAR payment clearing mandate for the BNP Paribas Group in South Africa. As a result, Standard Bank of South Africa will process the bulk of the ZAR payment flows from BNP Paribas and it’s group entities into South Africa.

Read more
Refinance, Mandated Lead Arranger and Underwriter
2017 |

Solar Capital was successful in refinancing its 90-megawatt (MW) Solar photovoltaic (PV) farm in De Aar, Northern Cape. Standard Bank acted as the Sole Mandated Lead Arranger, Structurer, Underwriter and Hedge Provider for this first-ever successful refinancing of a R2.2 billion renewable asset in South Africa.

Read more
Centum, $29 million, Senior lender
2017 |

Standard Bank provided funding for services and infrastructure for the development of the Two Rivers Project - a master planned precinct in Nairobi, Kenya, which is currently still under development. It is set to become the region’s premier retail, commercial, leisure and residential destination. The development will incorporate a retail, entertainment and lifestyle centre, Grade A offices, three and five-star hotels, conferencing facilities, a residential offering and medical facilities.

Read more
STAR Initial Public Offering, Joint Bookrunner
2017 |

Standard Bank acted as Joint Bookrunner for Steinhoff Africa Retail Limited (STAR) and successfully recorded the largest ever IPO on the JSE to date, raising ZAR15.4 billion (US$1.2 billion).

Read more
Construction of an LNG Tank Farm, Currency Hedge Provider
2017 |

Standard Bank acted as a foreign currency hedge provider for Bidtank, a subsidiary of the Bidvest Group, for the construction of an LNG Tank Farm.

Read more
Acquisition finance for Mancosa and Regent
2017 |

Actis Private Equity acquired an 81% equity stake in the Management College of Southern Africa (Pty) Ltd (Mancosa) and the Regent Business School (Pty) Ltd (Regent) through its education platform asset, Emerging Markets Knowledge Holdings (EMKH). Standard Bank acted as Joint Mandated Lead Arranger for the acquisition finance.

Read more
A commitment to building Africa's digital future
2017 |

We are delighted to announce that Standard Bank has successfully led a debut USD550 million high yield bond offering for telecommunications giant Liquid Telecom. The proceeds allowed the company to refinance existing debt, and to expand its fibre broadband network across Africa.

Read more
New deal will empower women in rural communities
2017 |

Standard Bank successfully facilitated WDB’s acquisition of a 25% stake in Tsebo Solutions Group (Pty) Ltd, a leading South African facilities management company.

Read more
Federal Republic of Nigeria USD300 million Diaspora Bond Issue
2017 |

Standard Bank’s role included structuring and preparation of transaction documentation, and assisting with determining the appropriate terms of the issue. Furthermore, Standard Bank aided the issuer to obtain a listing of the Notes on the London Stock Exchange, The Nigerian Stock Exchange and the FMDQ OTC PLC, and coordinated the marketing and roadshow process for the offering. Standard Bank acted as Joint Lead Arranger, Bookrunner and Financial Adviser for this transaction. The purpose of the bond was to finance budgeted capital expenditures.

Read more
Landmark Towers; NGN4 billion
2017 |

Standard Bank was the Mandated Lead Arranger and constructed a NGN4 billion medium term loan facility for Landmark 2007 Global Realty Limited. This is a special purpose vehicle (SPV) set up for the development of Landmark Towers, a 11,110m² mixed use property in Oniru, Victoria Island, Lagos.

Read more
Hospitality Property Fund Ltd; R2 billion Medium Term loan
2017 |

Standard Bank provided a winning offer of R2 billion to the Hospitality Property Fund Limited to secure a medium term loan for 36 months. The Hospitality Property Fund was faced with an opportunity to purchase a hotel portfolio worth R5.6 billion from Tsogo Sun - a premier hospitality, gaming and entertainment group with a portfolio of 14 casinos and entertainment destinations and over 100 hotels in South Africa, Africa, the Seychelles and the Middle East.

Read more
Kellogg Tolaram Nigeria Limited: NGN6 billion
2017 |

Stanbic IBTC Capital Limited and Stanbic IBTC Bank PLC (together “Stanbic IBTC”) acted as the sole Arranger and Lender on the NGN6 billion medium term facility to Kellogg Tolaram Nigeria Limited.

Read more
The National Treasury of the Government of Kenya, USD1 billion,
2017 |

Standard Bank concluded a landmark transaction for Africa by facilitating this international syndicated loan for Kenya. This transaction is strategically important for the Standard Bank Group’s franchise and its success was based on efficient collaboration between Stanbic Bank Kenya Limited and Standard Advisory London Limited.

Read more
Pareto Limited; R1.5 billion Loan Syndication
2017 |

Standard Bank was invited by Pareto Limited to participate in R3 billion loan syndication process. Pareto is a South African property investment company with a strong focus on acquiring and holding super-regional and regional shopping centres in South Africa, as well as mixed-use developments. Some of their key assets include Menlyn Mall, Pavilion and a 25% stake in Sandton City. Standard Bank was successfully awarded with a R1.5billion allocation for a tenure of 48 months.

Read more
Standard Bank facilitates Sea Harvest IPO
2017 |

Standard Bank played a key role in South African seafood giant Sea Harvest’s Initial Public Offering (IPO), which listed on the JSE on 23 March 2017.

Read more
Liquid Telecom set to transform pan-African communications
2017 |

Standard Bank played an instrumental role in Liquid Telecom’s recent ZAR 6,55 billion acquisition of South African communications network operator Neotel. The deal expands Liquid Telecom's footprint in Africa, enabling them to better service corporate South African and multinational clients.

Read more
Karuma hydroelectric power project set to transform Ugandan economy
2016 |

Uganda’s 600 megawatt Karuma hydroelectric power plant, budgeted to cost USD1.6 billion, is set to transform the east African country’s economy and the lives of its people.

Read more
Standard Bank finances landmark power sector deal
2016 | ,

Standard Bank recently acted as Sole Lead Arranger in the provision of a USD 120m financing package to the Zimbabwe Power Corporation (ZPC). The funds will be used for rehabilitation and expansion works at the Kariba South Hydro Power Station in Zimbabwe and the Hwange Thermal Power Station in Namibia.

Read more
Standard Bank facilitates second largest IPO in SA’s history
2016 |

Standard Bank is delighted to have played a key role in South African health and pharmaceutical retail giant Dis-Chem’s Initial Public Offering (IPO), which listed on the JSE on 18 November 2016.

Read more
Busamed deal set to transform SA’s healthcare sector
2016 |

Standard Bank recently facilitated the R1.7-billion acquisition of the Gateway and Hillcrest Private Hospitals for Busamed, one of South Africa’s first black-owned private hospital groups.

Read more
Standard Bank guides AB InBev through 16 countries in Africa
2016 |

When AB InBev had aspirations to expand into Africa by combining their strengths with SABMiller, they needed a bank that had the right capabilities and knowledge of Africa. A global bank with local roots.

Read more
Famous Brands expands into UK market
2016 |

Standard Bank played a key role in Famous Brands’ recent ZAR 2.1 billion acquisition of UK-based Gourmet Burger Kitchen.

Read more
Standard Bank partners with MTN to raise USD 1- billion
2016 | | Telecommunications and media

We are delighted to announce that Standard Bank successfully participated in MTN’s recent USD 1 - billion dollar Eurobond issuance.

Read more
Standard Bank enables growth of key African client Wilderness Safaris
2016 |

Standard Bank has successfully concluded a USD35-million funding deal with Botswana-based multi-national Wilderness Safaris.

Read more
Standard Bank unlocks value in Africa’s private equity sector
2016 |

Standard Bank is proud to have acted as Lead Arranger and Sole Funder in providing growth capital for long-term client J&J Transport –a transport company operating across sub-Saharan Africa. The expertise and knowledge of our specialists made us the obvious choice to support their organic growth and facilitate their acquisition of a South African transport company, Cargo 2 Congo.

Read more
Bank of Namibia, USD500 Million, Hedge Provider
2016 |

Standard Bank acted as a Joint Hedge Provider for the Bank of Namibia for USD500 million in a cross currency swap to raise funding for their development budget financing and to support the country’s foreign reserve position. Together with two other hedge providers, Standard Bank provided the Bank of Namibia with a hedging solution to synthetically convert the USD liability to a ZAR liability over the term of the Eurobonds.

Read more
Eskom, ZAR2.5 billion, Derivative Funding Provider
2016 |

Standard Bank extended a R2.5 billion derivative loan to Eskom in August 2016 to support their funding requirement for the year. Standard Bank’s Client Solution team in Global Markets, hedged USD250million of Eskom’s 2015 Eurobond issuance which allowed Eskom to synthetically convert its USD liability into a ZAR liability. This would simultaneously match its ZAR revenues while protecting against adverse movements in both the currency and interest rates. The derivative loan also allowed Eskom to borrow at better interest rate levels than issuing offshore bonds and swapping them back into local currency.

Read more
Government of Uganda Interest Rate Swap. USD345.8 million, Lead Arranger
2016 |

Stanbic Bank Uganda acted as Lead Arranger by providing a risk hedging tool to mitigate interest rate risk after the Government of Uganda took out a 15-year loan facility for the construction of a Hydro Power Plant. This landmark transaction protects the Ugandan Government from interest rate hikes and helps to accurately predict future interest payment obligations.

Read more
Standard Bank facilitates the evolution of Bidvest
2016 | | Corporate finance advisory

Standard Bank is proud to have acted as sole Financial Advisor and Transaction Sponsor to Bidvest on the R102-billion separate listing on the JSE, and unbundling of its foodservices business, Bidcorp.

Read more
Redefine 5 Year Term Loan, GBP38 million
2016 | | Real Estate finance | Real Estate

Standard Bank Real Estate Finance successfully originated a GBP38 million term loan to facilitate Redefine’ s further investment in Redefine International PLC. Redefine is the second largest Johannesburg Stock Exchange listed Real Estate Investment Trust (REIT). It offers investors an opportunity to access income and capital growth through a diverse portfolio of well-located properties. With a degree of international diversification, approximately 20% of its assets are located in developed markets which include Australia, United Kingdom and mainland Europe. Standard Bank was able to seamlessly meet client requirements and obtain exchange control approval within short turnaround times. This deal is evidence of Standard Bank’s expertise as one of the leading providers of foreign currency lending in the real estate sector.

Kenya Pipeline Company signs USD 350 million deal
2016 | | Corporate finance advisory | Power and infrastructure

Kenya Pipeline Company (KPC) has secured USD 58.3 million from each of a consortium of six banks, to install a new pipeline from Mombasa to Nairobi. The deal underpins a new growth era for Kenya and the wider East African region. We acted as joint mandated lead arrangers and underwriters. Our on-the-ground expertise, deep market knowledge and ability to syndicate to the international market enabled us to assist in moving Kenya forward.

Read more
Growthpoint Properties, refinancing and additional facilities
2016 | | Real Estate finance | Real Estate

Standard Bank’s Real Estate Finance division successfully negotiated the refinancing of expiring debt facilities totalling ZAR1.25 billion. In addition, new facilities of ZAR1 billion were advanced to Growthpoint Properties Limited. Standard Bank was able to structure an innovative and competitively priced funding solution that met Growthpoint’s funding requirements whilst also securing a DCM mandate for the Bank. This DCM mandate was later successfully executed.

Read more
Attacq Ltd, Facilities
2016 | | Real Estate finance | Real Estate

Standard Bank’s Real Estate Finance division successfully concluded the refinance and increase of three foreign currency denominated transactions for Attacq Investment Holdings.

Read more
  • Share
    Share
  • Email
Get in touch with us

Connect with the right client relationship and specialist teams to move you forward

Recent Accolades
Best Bank in Africa - 2017 , 2018

Global Finance World’s Best Banks 2017

Best investment bank in South Africa - 2017

Euromoney Awards of Excellence

M&A Advisory, Nigeria - 2017

Euromoney’s Real Estate Survey

More

Subscribe to our quarterly newsletter
giving you our latest insights