Tag Archives: Standard Bank Group
Standard Bank Group has acted as the sole lead arranger for South Africa’s first – and only the world’s third – renewable energy bond for concentrated photovoltaic energy . The R1-billion, 16-year solar financing bond (closed on 29 April), with an 11% coupon was raised for French renewable energy firm Soitec.
Standard Bank Group has concluded five major corporate bond issuances in the past month with a value of R6,1-billion. Standard Bank has assisted Netcare, PPC Ltd, Mercedes Benz, SABMiller and the City Of Tshwane to access the bond market for their funding requirements.
Fenella Aouane of Standard Bank Group has been appointed to the Board of the Climate Markets and Investment Association (CMIA), an international trade association representing 50 companies that finance, invest in and provide enabling support to activities that reduce carbon emissions. The CMIA’s membership accounts for an estimated 75% of the global carbon market, valued at US$120-billion in 2010.
Standard Bank Group has been ranked the 12th “greenest” bank in the world and the cleanest in Africa by Bloomberg Markets.
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.
Standard Bank Group has signed a R20-billion funding support agreement for renewable energy projects in South Africa with the Industrial and Commercial Bank of China (ICBC).
Standard Bank Group will increase its investment in the Standard Bank Centre for AgriLeadership and Business Development at Stellenbosch University to R5.13-million over the next three years. This is up on the R3.45-million support Standard Bank Group provided over the past three years.
The first of nearly 500 residential tenants have moved into Newgate, the latest affordable residential precinct to take root in Johannesburg’s inner city, South Africa’s largest metropolis. Refurbishment of the eleven-storey 25 000m2 building got underway at the beginning of 2012.
Standard Bank Group produced a sound financial performance for 2012 and demonstrated good momentum in its businesses.
Jacko Maree (57) is stepping aside as Group Chief Executive of Standard Bank Group (SBG) after more than 13 years at the helm of Africa’s largest bank.
Standard Bank Group has arranged an international financing package to develop a USD126-million sea water desalination plant in Accra, Ghana. The plant will have a water production capacity of 60,000m3/day. Investors in the project are Spanish infrastructure company Abengoa S.A. and Sojitz Corporation of Japan, which together are contributing equity funding covering 30% of project costs. The balance of 70% of the project’s funding is provided by Standard Bank Group in the form of senior debt.