Investec’s UK branch more than doubles loan at $450m

By Bianca Boorer
22 Jan 2018

Investec plc, the South African bank’s UK branch, has signed a loan for $450m — growing to more than double its launch amount of $200m after being three times subscribed.

The loan, which was signed last Friday, will be used to refinance a $300m facility signed in October 2015 and for general corporate purposes. It has a tenor of two years plus a one year extension option.

“The deal has gone extremely well,” said Darryn Solomon, global head ...

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