Standard Bank Group wins EMEA Finance awards in 2013 for landmark deals

Standard Bank Group has walked away with 11 acccolades at the 2013 EMEA Finance Achievements Awards, including being named best merger and acquisition house, best securitisation house and best syndicated loan house in Africa.

This is the sixth consecutive year that Standard Bank Group has received multiple awards from EMEA Finance, which continue to recognise the group’s leading position in the African capital markets. EMEA Finance is a leading bimonthly global industry publication that reports on the major financial events and happenings initiated and influenced by the international financial industry active in Europe, Middle East, and Africa (the EMEA region).

Some of the notable transactions for which EMEA Finance recognized Standard Bank in 2013 were the group’s work on Tiger Brands’ acquisition of 63.35% of Nigeria’s Dangote Flour Mills and China’s Jinchuan Group’s US$1.3-billion acquisition of JSE listed copper miner Metorex in 2012. Standard Bank was recognized for being the best syndicated loan house in Africa largely because of facilitating the raising of a US$600-million two-year term loan on behalf of the Kenyan government.

The group was also recognised in the following categories:

  • Best sovereign syndicated loan for taking part in Kenya’s US$600-million capital raising
  • Best supranational syndicated loan for its part in Afreximbank’s US$500-millon, five-year Eurobond issuance
  • Best M&A deal in Africa for Tiger Brands’ acquisition of Dangote Flour Mills
  • Best corporate bond in Africa for facilitating JD Group’s issue
  • Best IPO in Africa for the listing of Ugandan power distributor Umeme Limited’s shares on the Nairobi Securities Exchange
  • Best follow-on funding in Africa for Dangote Flour Mills of Nigeria
  • Best securitisation deal in the EMEA region for South Africa home loans’ recapitalisation.

David Munro, Chief Executive of Standard Bank Group’s corporate and investment banking division, says: “Standard Bank has a clear, strategic focus on Africa and these awards demonstrate our desire to provide excellent service to our clients as we work towards the development of the continent we call home”.

“Our bank’s deal-making teams across the continent have helped to structure and deliver these transactions for African companies and sovereigns. Leveraging our global footprint, expertise, experience and on-the-ground presence enables us to work with our clients to help them deliver their strategic goals.”

Over the years, Standard Bank Group has built strong in-country advisory capabilities in a number of key global markets, including South Africa, Nigeria, Kenya, Ghana, Mozambique, China and London, delivering a full range of corporate and investment banking services to clients across various emerging markets. The bank’s strategy is to remain committed to Africa, with a particular focus on natural resources and infrastructure.

Standard Bank Group operates under the name of Stanbic Bank in some of these countries.

The latest EMEA Finance Achievement awards add to Standard Bank Group’s list of accolades already received so far in 2013. These include winning: the African Deal of the Year award for Konkola Copper Mines financing in recognised in the 2013 Project Finance Deal of the Year Awards; Commercial Deal of the Year in the 2013 Trade & Forfaiting Review Deals of the Year for arranging finance for commodities trader Export Trading Group; and being named Best Trade Finance Bank in Africa by Global Finance.


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