Standard Bank to take $1bn and slash pricing in loan refi

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By Silas Brown
10 Oct 2019

Standard Bank is expected to raise $1bn in the loan market, up from an initial target of $500m, and slash the pricing of a three year loan by roughly 30bp.

Citi, Industrial & Commercial Bank of China and Standard Chartered are leading the deal.

Standard Bank raised a $1bn loan in August 2017 that had all-in pricing of 175bp and was pre-paid earlier this year.

According to a banker familiar with the deal, the price of ...

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