Investec doubles loan to $600m
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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