Standard Bank’s $150m deal easily gets over the line, while Investec also looks for money

08 Oct 2009

South Africa’s Standard Bank, the country’s biggest by assets, has received a strong response to its $150m loan and expects to close the oversubscribed deal later today (Friday).

The one year new money facility, which Commerzbank co-ordinated, is understood to pay 225bp all-in. Signing is expected to take place in the next two weeks. "It’s looking good and, judging by how the book looks, we think there will be a nice oversubscription," said one banker close ...

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