RMB Mauritius secures loan, months after dollar debt transfer

Alamy_randmerchantbank
By Mariam Meskin
09 Sep 2019

Rand Merchant Bank International Mauritius (RMBIM) has secured a $400m syndicated loan from international lenders, months after a transfer of dollar debt from FirstRand Bank. The deal marks the latest in a series of loans raised by South African banks this year.

The transaction is a $400m loan, which has been arranged by international lenders, according to sources close to the deal. 

The loan is part of RMBIM's early funding development plans. Earlier this year, FirstRand Bank transferred outstanding dollar debt, of around $506m, from one of its existing syndicated ...

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