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Nedbank CIB powers renewable energy with R11,3 billion wind farm financing
Powering a future of commercial and industrial energy security
Nedbank Corporate and Investment Banking (CIB) has solidified its commitment to renewable energy by finalising project finance facilities for Impofu Cluster Investments SPV (RF) (Pty) Ltd, a subsidiary of Enel Green Power RSA. This groundbreaking investment will facilitate the development of 3 cutting-edge 110 MW wind farms in the Eastern Cape, marking a significant stride towards advancing South Africa's renewable energy sector.
These wind farms are set to play a crucial role in strengthening the energy grid, with long-term power purchase agreements in place to supply Sasol South Africa Ltd and Air Liquide Large Industry Ltd. This initiative enhances energy security and aligns with the decarbonisation objectives of both companies, underscoring the dual significance of this project in achieving local economic and broader environmental goals.
Nedbank CIB is proud to partner with Enel in another groundbreaking initiative, enabling one of SA’s largest wind projects to date, renewing our market-leading commitment to a sustainable economy.
The scale and impact of this project are significant. It involves the construction of 116 km of 132 kV power lines, a milestone that is similar to connecting major cities. With 57 turbines generating 330 MW of clean energy, equivalent to powering around 214 500 households, the initiative is a giant stride in local sustainability. Nedbank CIB's multifaceted involvement is a testament to its role as a key player in driving innovative solutions in the sector.
This landmark deal demonstrates Nedbank CIB's commitment to energy finance and strengthens collaborative ties with industry leaders like Enel and Sasol. Through active participation in projects of this magnitude, we continue to move the needle on cleaner energy sources, fostering a resilient and sustainable economy founded on trust and shared vision.
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R1 billion debt capital market issuance by OMLACSA
Nedbank Corporate and Investment Banking (CIB) is proud to announce that its Specialised Distribution Team has once again been mandated as sole lead arranger by Old Mutual Life Assurance Company South Africa Limited (OMLACSA), a subsidiary of Old Mutual Limited (OML), in its return to the South African debt capital markets for a R1 billion bond issuance.
Published 17 May 2024 in nedbank:cib/deals
R1 billion debt capital market issuance by OMLACSA
Nedbank Corporate and Investment Banking (CIB) is proud to announce that its Specialised Distribution Team has once again been mandated as sole lead arranger by Old Mutual Life Assurance Company South Africa Limited (OMLACSA), a subsidiary of Old Mutual Limited (OML), in its return to the South African debt capital markets for a R1 billion bond issuance.
Published 17 May 2024
Nedbank Private Equity’s successful divestiture of its equity stake in The Beverage Company
Nedbank Private Equity (NPE), a division of Nedbank Corporate and Investment Banking (CIB), has successfully and fully exited its equity investment in The Beverage Company (BevCo) to Varun Beverages Limited (Varun), which is listed on both the Bombay Stock Exchange and National Stock Exchange in India.
Published 26 Apr 2024 in nedbank:cib/deals
Nedbank Private Equity’s successful divestiture of its equity stake in The Beverage Company
Nedbank Private Equity (NPE), a division of Nedbank Corporate and Investment Banking (CIB), has successfully and fully exited its equity investment in The Beverage Company (BevCo) to Varun Beverages Limited (Varun), which is listed on both the Bombay Stock Exchange and National Stock Exchange in India.
Published 26 Apr 2024
Nedbank CIB arranges landmark auction for Stor-Age
As a leading debt capital market arranger in the property sector, Nedbank CIB is proud to announce its role in assisting Stor-Age with the establishment of its Domestic Medium-Term Note (DMTN) Programme and executing its inaugural public bond auction as the sole lead arranger. Stor-Age raised R500 million across two notes of offer, which listed on the JSE on the 18th of April 2024. Nedbank was also appointed in various agency roles on the programme, including the debt sponsor and paying, settlement, transfer, calculation and issuer agent.
Published 23 Apr 2024 in nedbank:cib/deals
Nedbank CIB arranges landmark auction for Stor-Age
As a leading debt capital market arranger in the property sector, Nedbank CIB is proud to announce its role in assisting Stor-Age with the establishment of its Domestic Medium-Term Note (DMTN) Programme and executing its inaugural public bond auction as the sole lead arranger. Stor-Age raised R500 million across two notes of offer, which listed on the JSE on the 18th of April 2024. Nedbank was also appointed in various agency roles on the programme, including the debt sponsor and paying, settlement, transfer, calculation and issuer agent.
Published 23 Apr 2024
