FirstRand hits Asian loan target, considers increase

South African bank FirstRand will close a $100m loan on Monday, after getting strong demand on its first Asian syndication. It is now considering a last-minute increase, and could push the deal to $150m.

  • 18 Mar 2011

Three banks have already committed and one or two lenders are expected to join the loan before close, with signing scheduled for Friday. FirstRand is now considering increasing the deal to $150m, and is likely to make a decision early next week.

Bank of Taiwan, Bank of Tokyo-Mitsubishi, China ...

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