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- Nedbank Corporate and Investment Banking leads the structuring, negotiation, and execution of a multi-billion rand financing deal for Envusa Energy.
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- Two wins for sustainable finance leadership | Nedbank CIB
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- Breaking down barriers for energy transition in mining
- Africa's pathway to a climate-resilient economy | Nedbank CIB
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- Green energy in the developing world | Nedbank CIB
- How sustainable finance creates value
- How the property sector recovered in 2023
- Two wins for sustainable finance leadership | Nedbank CIB
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- What happens when finance meets sustainability?
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- Breaking down barriers for energy transition in mining
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Nedbank assists National Treasury in raising US$3 billion
Nedbank assists National Treasury in raising US$3 billion
Staff writer
Posted 09/05/2023 Updated 30/05/2024 2 mins
Investors across the UK, North America, Europe, Asia and Africa contribute to a US$3,billion bond concluded for South Africa.
Nedbank’s Debt Capital Markets Team is proud to announce the successful conclusion of a US$3 billion international bond issuance by the Republic of South Africa on 11 April 2022. Nedbank was mandated under the Nedbank/Deutsche Bank/Rho Capital Consortium as one of the joint lead managers alongside other banks and their respective empowerment partners.
The Republic, rated Ba2 (stable)/BB- (stable)/BB- (stable) (Moody’s/S&P/Fitch), placed bonds maturing in 2032 (10-year) and 2052 (30-year), with US$1,4 billion and US$1,6 billion placed in the 2032 and 2052 bonds respectively. The Republic opened the books at initial price thoughts of 6,25% (2032 bonds) and 7,75% (2052 bonds). Due to the strength of the orderbook, the Republic was able to tighten spreads by 37,5bps (2032 bonds) and 45bps (2052 bonds) from initial price thoughts to price the bonds at 5,875% and 7,3% respectively. The book was allocated to investors from a variety of regions, including the United Kingdom, North America, Europe, Asia and Africa.
Throughout the day investors highlighted the Republic’s improving fiscal outlook, its credible Reserve Bank and sound macroeconomic policy framework. The success of the transaction is an expression of continued investor confidence in the Republic.
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See allNCIB plays key role in SA Corporate’s acquisition and subsequent delisting of Indluplace
Nedbank Corporate and Investment Banking (CIB), recently played a pivotal role in the successful acquisition and subsequent delisting by SA Corporate Real Estate Limited (“SA Corporate”) of Indluplace Properties Limited (“Indluplace”). Acting through our Corporate Finance team, CIB served as the exclusive corporate advisor and transaction sponsor in the transaction, which involved the integration of Indluplace Properties Limited ("Indluplace") into SA Corporate's portfolio.
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Nedbank Corporate and Investment Banking (CIB), recently played a pivotal role in the successful acquisition and subsequent delisting by SA Corporate Real Estate Limited (“SA Corporate”) of Indluplace Properties Limited (“Indluplace”). Acting through our Corporate Finance team, CIB served as the exclusive corporate advisor and transaction sponsor in the transaction, which involved the integration of Indluplace Properties Limited ("Indluplace") into SA Corporate's portfolio.
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Nedbank CIB closes R1,3 billion finance deal for Intertoll’s 50% acquisition of Bombela
Nedbank CIB has successfully closed R1,3 billion of acquisition finance facilities to support Intertoll International Holdings B.V. (Intertoll) in purchasing a 50% equity stake in Bombela Concession Company (RF) (Pty) Ltd (BCC).
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Published 19 May 2023 in nedbank:cib/deals/finance
Nedbank CIB closes R1,3 billion finance deal for Intertoll’s 50% acquisition of Bombela
Nedbank CIB has successfully closed R1,3 billion of acquisition finance facilities to support Intertoll International Holdings B.V. (Intertoll) in purchasing a 50% equity stake in Bombela Concession Company (RF) (Pty) Ltd (BCC).
Staff writer
Published 19 May 2023