Deals

Standard Bank Angola, Corporate Bond, AOA4.7 billion

Dec 31, 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.

This AOA-listed corporate bond transaction was a landmark deal as a first for the Angolan debt capital markets. Through this transaction, Standard Bank Angola had the opportunity to develop a relationship with the regulators, namely the Capital Markets Commission and the Angola Stock Exchange, namely BODIVA.

Standard Bank Angola (SBA) is 51% owned by the Standard Bank Group and 49% by AAA Activos, Lda. SBA operates in 18 branches across seven provinces in Angola with over 26 700 clients, and provides a full suite of products and services under the Corporate and Investment Banking (CIB) and Personal and Business Banking (PBB) departments.

Standard Bank Angola aims to be the go-to-bank for capital markets advisory services in Angola.

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