Shanghai Pudong Development Bank contributes to $1 billion syndicated loan to Standard Bank for refinancing and general corporate purposes (Linked to Record ID#91911, #98842, and #98843)

Project narrative

On October 23, 2019, Standard Bank of South Africa Limited (SBSA) signed a $1 billion syndicated term loan agreement with 27 banks from 13 countries. The loan carries a 3-year maturity and an unknown interest rate. It will be used by the borrower for general corporate purposes and for a partial refinancing of syndicated term loan facility that SBSA signed in August 2017. Co-ordinators, Bookrunners and Mandated Lead Arrangers included Industrial and Commercial Bank of China Limited, London Branch; Standard Chartered Bank; and Citi. Bookrunners and Mandated Lead Arrangers included Bank of America; Merrill Lynch; Bank of China Limited Johannesburg Branch; BNP Paribas; China Construction Bank Corporation Johannesburg Branch; Commerzbank Aktiengesellschaft, Filiale Luxemburg; Credit Europe Bank N.V.; First Abu Dhabi Bank PJSC; HSBC Bank plc – Johannesburg Branch; ING Bank N.V.; Mashreqbank PSC; MIZUHO BANK, LTD.; MUFG; RAKBANK; Samba Financial Group; Shanghai Pudong Development Bank Co., Ltd.; State Bank of India, Johannesburg Branch ;State Bank of India, London Branch; Sumitomo Mitsui Banking Corporation Europe Limited; and Wells Fargo Bank, N.A., London Branch. Mandated Lead Arrangers include Unicredit Bank AG. Lead Arrangers included Bank of Taiwan South Africa Branch; DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main; Erste Group Bank AG; Taiwan Cooperative Bank, Offshore Banking Branch; and the Bank of New York Mellon. Citi acted as documentation agent, ICBC as press agent, and Standard Chartered Bank is the syndication and facility agent. The contribution of the Bank of China is captured in #91911. CCB is captured in #98842. ICBC is captured in #98843. Shanghai Pudong is captured in #98844.