China Construction Bank contributes to $500 million syndicated loan to Investec Bank Limited for general corporate, refinancing, on-lending purposes in November 2023

Project narrative

On November 6, 2023, Investec Bank Limited signed a $500 million term loan facility agreement with a group of 24 banks — including the Industrial and Commercial Bank of China Limited, London Branch; State Bank of India, Johannesburg Branch; Bank of America Europe DAC; Mashreqbank PSC; Standard Chartered Bank; Paris Branch, The Export-Import Bank of China; Union Bank of India; China Construction Bank Corporation, Johannesburg Branch; Bank of China Limited, Johannesburg Branch; Bank of China Limited, London Branch; China CITIC Bank Corporation Limited, London Branch; The National Bank of Ras Al Khaimah (P.S.C); BNP Paribas; Citibank, N.A., Abu Dhabi Global Market Branch; Commerzbank Aktiengesellschaft; HSBC Bank Plc; JPMorgan Chase Bank, N.A., London Branch; Lloyds Bank Corporate Markets Plc; Mizuho Bank, Ltd., London Branch; Bank of Taiwan, South Africa Branch; Canara Bank (DIFC, Branch); SMBC Bank International Plc; Wells Fargo Bank, N.A., London Branch; and the Export-Import Bank of the Republic of China Banque Misr, Dubai Branch — for general corporate purposes and to refinance a $600,000,000 syndicated term loan facility that the borrower signed on November 18, 2021. The facility was structured as a two-year loan with an option for the borrower to elect to extend for a further year. Bank of America Europe DAC, Industrial and Commercial Bank of China Limited, London Branch, Mashreqbank PSC, Standard Chartered Bank and State Bank of India, Johannesburg acted as Coordinators, Bookrunners and Mandated Lead Arrangers for the facility. Bank of America Europe DAC acted as Documentation Agent and Commerzbank Aktiengesellschaft acted as Facility Agent.