Banks will launch syndication of the $200m three year term loan for Baa2/BBBpi/BBB- rated Standard Bank South Africa imminently. These are: Bank of Tokyo-Mitsubishi (bookrunner), HypoVereinsbank (press and signing), BayernLB (facility agent), Dresdner Kleinwort Wasserstein (bookrunner and co-ordinator), KBC, Mizuho (information memorandum), Royal Bank of Scotland (documentation agent), Standard Chartered, SMBC and UFJ. The banks will be offered fees of 30bp flat for commitments of $10m as co-arrangers, 25bp for $7.5m as lead managers and 20bp for $5m as managers.
September 20, 2002