Standard Bank gets Chinese loan in shrunken market
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Emerging Markets

Standard Bank gets Chinese loan in shrunken market

AdobeStock_StandardBank_575x375_26Oct2020

South Africa's Standard Bank, which is 20% owned by ICBC, has raised a syndicated loan from a consortium of Chinese lenders. The transaction marks one of the few spots of activity in a market that has almost halved in size this year.

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