Recent deals

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.

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Financing to support rental business
2018 | South Africa

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

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Seriti deal will transform SA’s mining and energy sectors
2018 | South Africa | 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.

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

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

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Swan Bridge, Primary Funder, R736.5m
2018 | South Africa

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.

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Hail & Cotton, Lender, USD10 million
2018 | South Africa

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

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

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.

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R800 million, Sole Debt Funder to City Lodge Hotels Limited
2017 | South Africa

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.

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Solar Capital De Aar 3, R2.1 billion Hedge Provider
2017 | South Africa

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.

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Sole Mandated Lead Arranger and Structuring Bank
2017 | South Africa

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.

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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.

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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.

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Unlock Africa's natural potential
2017 | Mozambique

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.

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Project Tawny, Co-Arranger & Co-Lender
2017 | South Africa

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

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ZAR Clearing, FX, Money Markets, Derivatives & CLS Payments
2017 | South Africa

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.

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Refinance, Mandated Lead Arranger and Underwriter
2017 | South Africa

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.

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Centum, $29 million, Senior lender
2017 | Kenya

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.

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STAR Initial Public Offering, Joint Bookrunner
2017 | South Africa

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).

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Construction of an LNG Tank Farm, Currency Hedge Provider
2017 | South Africa

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.

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Acquisition finance for Mancosa and Regent
2017 | South Africa

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.

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A commitment to building Africa's digital future
2017 | South Africa

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.

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New deal will empower women in rural communities
2017 | South Africa

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

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

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.

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Landmark Towers; NGN4 billion
2017 | Nigeria

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.

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Hospitality Property Fund Ltd; R2 billion Medium Term loan
2017 | South Africa

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.

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Kellogg Tolaram Nigeria Limited: NGN6 billion
2017 | Nigeria

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.

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

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.

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Pareto Limited; R1.5 billion Loan Syndication
2017 | South Africa

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.

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Standard Bank facilitates Sea Harvest IPO
2017 | South Africa

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.

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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.

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Karuma hydroelectric power project set to transform Ugandan economy
2016 | Uganda

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.

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Standard Bank finances landmark power sector deal
2016 | , Zimbabwe

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.

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Standard Bank facilitates second largest IPO in SA’s history
2016 | South Africa

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.

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Busamed deal set to transform SA’s healthcare sector
2016 | South Africa

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.

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

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.

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Famous Brands expands into UK market
2016 | South Africa

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

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

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

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

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

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

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.

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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.

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Eskom, ZAR2.5 billion, Derivative Funding Provider
2016 | South Africa

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.

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

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.

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Standard Bank facilitates the evolution of Bidvest
2016 | South Africa | 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.

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Redefine 5 Year Term Loan, GBP38 million
2016 | South Africa | 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 | Kenya | 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.

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Growthpoint Properties, refinancing and additional facilities
2016 | South Africa | 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.

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Attacq Ltd, Facilities
2016 | South Africa | 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.

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