Standard Bank follows Asian loan with return to Europe

23 Nov 2010

Standard Bank signed a $230m two year deal with a club of seven banks on Tuesday, according to bankers familiar with the deal.

Transaction co-ordinators Commerzbank hosted the signing ceremony in Frankfurt. The loan carries a margin of 125bp.

Standard’s relationship banks took a variety of ticket sizes. HSBC took the largest $45m ticket. Commerzbank’s Frankfurt office acted as MLA, co-ordinator and documentation agent and committed $40m, which fellow MLAs Commerzbank ...

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