Published: December 9, 2013
South African firm borrows two- and three-year money from Middle Eastern and Asian banks.
South Africa's Investec Bank has signed a US$200mn syndicated loan with Middle Eastern and Asian banks.
The dual-tranche loan comprises a US$140mn two-year tranche paying a margin of 1.4% and a US$60mn three-year tranche paying a margin of 1.5%. The deal was organised by Standard Chartered Bank and the Australia and New Zealand Banking Group as coordinating banks.
Joining as mandated lead arrangers were HSBC, Al Khalij Commercial Bank and State Bank of India. Lead arrangers were the South African branch of Bank of Taiwan, Chang Hwa Commercial Bank, the Export-Import of The Republic of China, First Gulf Bank, Jih Sun International Bank, Mega International Commercial Bank and Taiwan Cooperative Bank. First Commercial Bank and Oyak Anker Bank GMBH joined as arrangers.