Standard Bank Group wins at emeafinance Achievement Awards
14 February 2011
Standard Bank Group has won four awards in the emeafinance's Achievement Awards for 2010, recognising the bank's successes in a range of sectors in the region over the past year. The awards highlight leading banks across the Europe, the Middle East and Africa (EMEA) region.
Best sovereign bond deal in EMEA - South Africa's US$2bn issuance
The publication emeafinance is described as "the complete information source for the finance industry in the EMEA region, is the only periodical dedicated exclusively to report financial events, happenings and triumphs initiated and influenced by the international financial industry".
These are the winning deals from Standard Bank Group.
Standard Bank Group acted as joint book-runner, achieving South Africa's largest foreign currency debt sale at the country's lowest international coupon rate at that time. The order book for the issue was close to US$ 7bn, giving testimony to South Africa's enormous appeal to the international investor community
Best supranational bond deal in EMEA - PTA Bank Eurobond
Standard Bank Group acted as joint book-runner, to successfully launch a US$300m Eurobond for PTA Bank, the Kenya-based multilateral financial institution. The transaction was the first eurobond ever from an East African issuer, either sovereign or corporate. The transaction was also the only corporate eurobond from sub-Saharan Africa (excluding South Africa) in 2010 and the first bond issue from that region since 2007.
Best syndicated loan in Africa - Oando Plc NGN60bn Secured Syndicated Medium Term Facility
Stanbic IBTC Bank in Nigeria acted as the global co-ordinator, Joint Mandated Lead Arranger, Structuring Bank, Financial Modeling Bank and Documentation Bank in the largest restructuring of short term loan completed in 2010 in the Nigerian market to date. Stanbic IBTC Bank is a member of Standard Bank Group.
M&A deal in Africa - Merger of Dangote Cement Company and Benue Cement Company
Stanbic IBTC Bank acted as Financial Adviser to Benue Cement Company in its N66.7bn merger with Dangote Cement Plc, consolidating cement producing entities of Dangote Industries Limited for optimisation of opportunities in the Nigerian cement industry.
Florian von Hartig, Global Head of Debt Capital Markets at Standard Bank Group says: "Standard Bank is delighted to have won so many awards which recognise success on the African Continent. We have an unrivalled number of professionals on the ground in Africa, which means we have a deep and intimate understanding of the needs of our clients, and are able to offer innovative and meaningful solutions as a result. The awards are testament to Standard Bank's expertise and highlight the ban's ability to advise clients on solutions for their business that cross borders in both emerging and developed markets."