Standard Bank Group recognised as ‘Most Innovative Investment Bank From Africa’

Oct 06, 2014

South Africa |

Standard Bank Group has been acknowledged as the “Most Innovative Investment Bank From Africa” by The Banker magazine, one of the most highly-regarded global financial publications.

Standard Bank Group was recognised not only for its deep sector expertise, renowned skill and long-held relationships across the continent, but also for the innovative and customised manner in which the group assists its corporate and institutional clients in an often challenging and complex financial and regulatory cross-border environment in Africa…and beyond.

Standard Bank Group’s team of investment banking specialists play a pivotal role in a series of landmark deals across the African continent: from a variety of key sectors, such as mining and metals, oil and gas; and power and infrastructure. Each deal stands out as an example of innovation that benefits clients, investors and the communities they touch on.

At a time when multi-national corporates are rapidly increasing investment in Africa, and revising their business strategies on the continent to benefit from increasing growth and rising consumer spending power, Standard Bank Group has differentiated itself from other African investment banks, due to the breadth and nature of the transformative transactions the bank has been involved in, including:

  • Largest debut bond in sub-Saharan Africa to date – The Republic of Kenya’s USD2-billion debut sovereign bond
  • Seplat Petroleum Development Company Plc – First Nigerian company to have its ordinary shares dual listed on both the London Stock Exchange and the Nigerian Stock Exchange; largest ever initial public offering (IPO) in Nigeria; largest IPO in sub-Sahara Africa (excluding South Africa) since 2008, largest African oil and gas IPO since 2011
  • Co-arranger on City of Johannesburg’s ZAR1.46-billion green bond, the first listed green bond in the South African debt capital markets and it will be used for environmental and social sustainability projects
  • Providing various facilities that allowed Copperbelt Energy Corporation Plc (Zambia) to achieve their strategy to become an integrated power player in the rest of Africa
  • A landmark financing for the Nigerian power sector, which formed part of the privatization of the distribution sector – Kann Utility Company Limited
  • First Sukuk to be issued in West Africa and Nigeria – Osun Sukuk Company Plc
  • A transaction that provided a turning point for the Aspen Group (South Africa) in terms of the quantum and scale of the group’s acquisitions – USD2.7-billion debt arranged and underwritten for the group
  • Acting as investment bank, structuring advisor and transaction sponsor to AECI Limited in its disposal of 1 600ha of surplus property assets at Modderfontein, South Africa; a complex cross border transaction executed with Hong Kong listed Shanghai Zendai.

The awards were presided over by a leading panel of experts, encompassing senior editorial staff from The Banker magazine, including Paul Wallace, Africa Editor, as well as a series senior executives from a range of Africa-focused advisory firms and investment companies, such as Jerome Booth, former head of research at Ashmore Group and Belia Fofana, founder and chief executive of Miktay Capital, an advisory firm for infrastructure projects.

The group of judges were particularly impressed with Standard Bank Group’s role in Seplat IPO, Osun State's sukuk in Nigeria, Aspen Pharmacare's $2.7-billion-worth of loans and Johannesburg’s R1.46-billion green bond.

David Munro, Chief Executive of Corporate and Investment Banking at Standard Bank Group, says: “We truly appreciate receiving this prestigious award. It is an external, objective assessment of what we are trying to achieve at Standard Bank Group’s Corporate and Investment Banking business – ensuring that large global multi-national corporations, and South African companies, are able to do business in Africa; and providing access for African companies to the international capital markets.”

Mr Munro says that there was fierce competition among financial institutions across Africa. “Competition is alive and well across Africa and the winners will be those who build long-term, sustainable businesses and find a way to leverage that to the benefit of their clients. Standard Bank Group’s key differentiator when it comes to Corprate and Investment Banking is that we have teams on-the-ground in key Africa markets as well as the necessary skills, expertise and corporate presence in the world’s capital markets to assist our clients wanting to do business in Africa.”

Standard Bank Group’s top six markets for Corporate and Investment Banking are South Africa, Nigeria, Kenya, Angola, Mozambique and Ghana. These are the ones that are attracting global pools of capital and which are going to produce definite investment banking transactions.

“We still see South Africa as our most critical market with the biggest opportunities,” says Mr Munro.

See www.standardbank.com/cib for details of Corporate and Investment Banking services offered by Standard Bank Group.

 

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