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

South African Flag 230x150
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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.