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Securitization - CLO/CDO

Standard Bank taps Taipei for second time

Standard Bank of South Africa continues to focus on Asia Pacific lenders, signing a $268m three year term loan in Taipei with a group of lenders mainly from the region.

  • 18 Nov 2010

It is the African financial institution’s second loan from a group of Asian lenders. The deal was launched at $200m and was oversubscribed, allowing the bank to sign at $268m. The loan margin is said to be 150bp.

Bank of Taiwan co-ordinated the transaction and acted as agent bank. ...