Bank of China contributes to $300 million syndicated term loan facility for Investec (Linked to Record ID#100706 and #100707)

Project narrative

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 Record ID#58730. Record ID#100706 captures the estimated financial commitment of ICBC while Record ID#100707 captures the estimated financial commitment of China Construction Bank.