Driving strategic growth: Standard Bank and TFG in ZAR9bn refinance deal
10 Apr 2026
Country
South Africa
Year
2026
Sector
Financial Services
Business Unit
Investment Banking
Specific Role
Joint Mandated Lead Arranger, Transaction Lead, Funding Partner
We are proud to announce that we have successfully facilitated a ZAR9 billion corporate refinancing of TFG (The Foschini Group Limited), a leading retailer in the South African market. This transaction underscores our commitment to supporting strategic client goals and solidifying our position as a pivotal funding partner and key relationship bank.
We acted in our capacity as joint mandated lead arranger (MLA) in the transaction, which highlights our unwavering dedication to fostering robust client relationships in the South African market.
The refinance is aligned with TFG's overarching strategic goals, demonstrating our capacity to provide comprehensive finance solutions tailored to complex corporate needs.
This deal brings our purpose to life by directly impacting a key sector of the South African economy. TFG's continued growth, bolstered by this refinance, contributes significantly to job creation and economic activity within the retail landscape. By ensuring a robust financial foundation for TFG, we are actively supporting a client that drives sustainable growth across South Africa, aligning with our vision for a thriving continent.
The transaction highlights our expertise and capacity to facilitate large-scale financing for major South African corporates.