Standard Bank Plc, a member of Standard Bank Group Limited, has secured a club-style term loan of US$230-million over two years from a group of seven leading international banks.
The loan was arranged by Standard Bank Plc on a stand-alone basis.
The facility is priced at 125 basis points over Libor. The proceeds will be used for general funding purposes.
Jenny Knott, Chief Executive of Standard Bank Plc, says: "The ability of Standard Bank Plc to obtain two year funding, involving the participation of seven top international banks, is a reflection of the bank's excellent standing in the international banking community and leading emerging market focused franchise."
Commerzbank AG was appointed as co-coordinator of the facility. The group of banks are:
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