ICBC contributes to $600 million syndicated, sustainability-linked term loan to Investec for general corporate and refinancing purposes in November 2021 (Linked to #92681, #92682, #92684)

On November 18, 2021, Investec Bank Limited (“Investec”) and a group of 22 banks signed a $600 million syndicated, sustainability-linked term loan facility for general corporate and refinancing purposes. The proceeds of the loan are to be used by the borrower for general corporate purposes, including the refinancing of a $500,000,000 syndicated term loan facility that the borrower signed on November 17, 2020. This loan is the first sustainability-linked syndicated loan ever signed by Investec Bank Limited and the second for the Investec Group. The loan has a 2 year maturity (with the option of a 1-year extension). Coordinators, Bookrunners and Mandated Lead Arrangers include Abu Dhabi Commercial Bank PJSC; Bank of America; Industrial and Commercial Bank of China Limited, London Branch; SMBC Bank International plc; Standard Chartered Bank; and State Bank of India. Mandated Lead Arrangers included the Export-Import Bank of China; BNP Paribas S.A.; Canara Bank; China Construction Bank Corporation, Johannesburg Branch; Citibank N.A., London Branch; Commerzbank Aktiengesellschaft, Filiale Luxembourg; Credit Europe Bank N.V.; HSBC Bank plc – Johannesburg Branch; JP Morgan Securities plc; Lloyds Bank Corporate Markets plc; Mizuho Corporate Bank; MUFG Bank, Ltd; and the National Bank of Ras Al Khaimah (P.S.C.). Lead Arrangers included Bank of China; Bank of Taiwan, South Africa Branch; and the Export-Import Bank of the Republic of China. Bank of America acted as Documentation Agent and Commerzbank Aktiengesellschaft, Filiale Luxembourg acted as Facility Agent. Bank of China’s contribution is recorded in #92681; China Eximbank’s contribution is recorded in #92682, ICBC’s contribution is recorded in #92683, and CCB’s contribution is recorded in #92684.

Additional details

1. The individual contributions of Bank of China, ICBC, China Construction Bank, and China Exim Bank are unknown. For the time being, AidData assumes equal contributions ($27,272,727) across the 22 banks that contributed to the $600 million syndicated loan. 2. Investec is an Anglo-South African international banking and wealth management group. It provides a range of financial products and services to a client base in Europe, Southern Africa, and Asia-Pacific. Investec is dual-listed on the London Stock Exchange and the Johannesburg Stock Exchange.

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