Bank of China, ICBC, and China Construction Bank contribute to $300 million syndicated term loan facility for Investec

As of October 30, 2019, Investec had secured a US$300 million term loan facility from a syndicate of international lenders. The deal was launched at US$250 million but closed at US$300 million due to excessive demand. The loan has a tenor of two years, with an option to extend by one year. A total of 15 lenders committed funding. The bookrunners and mandated lead arrangers were reported to include Citi, Commerzbank, Banco BAI, Bank of America, Bank of China, HSBC, Industrial and Commercial Bank of China, JP Morgan, Mizuho, MUFG, National Bank of Ras Al-Khaimah, Standard Chartered, State Bank of India, and SMBC. China Construction Bank joined later as a mandated lead arranger. The interest rate of the loan is unknown. This is the second loan that Investec has signed in 2019, with the first tracked by Project ID#58730.

Additional details

1. The individual contributions of the syndicate members are unknown. For the time being, AidData has estimated the contribution of the three Chinese state-owned banks by assuming that the fifteen lenders contributed equal amounts (US$20,000,000) to the loan syndicate.

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Number of total sources

1