Investec doubles loan to $600m

By Bianca Boorer
06 Sep 2017

South African bank Investec signed a $600m syndicated loan on Wednesday, double the initial launch amount, making it the second successful bank financing to come out of the country this month after Standard Bank’s $1bn loan.

The bank launched the deal at $300m in June, and since then commitments have poured in with more than $700m coming from 30 banks. All the banks were accommodated by scaling back on the ticket sizes.

Bank of America Merrill Lynch and Commerzbank coordinated the deal. BAML also acted ...

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