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