Corporate and Investment
Standard Bank jointly arranges Daimler Truck Southern Africa Limited’s first bond issuance
05 Aug 2022
Country
South Africa
Year
2022
Sector
Diversified Industries
Business Unit
Corporate and Investment Banking
Specific Role
Joint arranger
Standard Bank is proud to announce that it has been appointed as joint arranger for Daimler Truck Southern Africa Limited (“DTSA”) to jointly arrange their inaugural bond issuance in the South African Debt Capital Markets.
Daimler Truck Southern Africa Limited was Established in South Africa over 60 years ago and has been a pioneer in the commercial vehicle sector. The company’s product range includes value-added services in Fleetboard, TruckTraining, TruckStore and Daimler Truck Financial Services.
Standard Bank was one of four banks involved in the transaction, which was executed on DTSA’s debut bond on 23 June 2022.The bond was listed on the interest rate market of the JSE on 28 June 2022, and DTSA raised ZAR1.5 billion, across a 1 year and 3 year note pricing at 5.895% (3 Month Jibar + 92 basis points) and 6.065% (3 Month Jibar + 109 basis points) respectively.
Standard Bank is proud to be able to bring new issuers to the market, a continuing journey and partnership to unlock meaningful growth in a key sector driving the South African economy.