Standard Bank returns to Asian funding

12 Dec 2011

Standard Bank of South Africa has gone to the Asian market again to secure an oversubscribed loan from Taiwanese and international banks.

The South African bank bumped up the three year term loan by $125m to $275m after strong commitments from lenders.

China’s Mega International Commercial Bank acted as co-ordinating mandated lead arranger and bookrunner for the 18-bank strong deal.

HSBC Taiwan, BTMU, Citi, Mizuho and Standard Chartered came onboard ...

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