African bank duo tap lenders despite higher costs

By Mariam Meskin
01 Oct 2020

Trade and Development Bank and Standard Bank, have approached lenders to raise syndicated loans, despite the sort of price widening that has pushed many borrowers away from the loan market this year.

The Burundi-headquartered supranational Eastern and Southern African Trade and Development Bank, is in the market for a loan of around $300m, according to bankers near the deal.

That loan, they said, will close within the next month.

Similarly, South Africa’s Standard Bank, a frequent ...

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