Standard Bank ratchets price as it lines up $375m 3yr loan
South Africa’s Standard Bank is in the market with a $375m three year loan as it looks to refinance debt in smaller size and tighter levels.
Mizuho is leading the deal, according to three bankers at other firms. Mizuho declined to comment.
Standard Bank is said to be replacing $675m of existing debt, at the front of the South African banking sector’s annual round of refinancing.“They don’t need as much as they’re reducing ...