Investec Bank Limited: US$600 million syndicated term loan facility

24 Mar 2021

We are pleased to announce the successful closing of a US$600,000,000 Syndicated Term Loan Facility (the “Facility”) for Investec Bank Limited (“Investec”) on 19th March 2021. Bank of America, Industrial and Commercial Bank of China Limited, London Branch, Intesa Sanpaolo S.p.A., SMBC Bank International plc, Standard Chartered Bank and State Bank of India acted as Coordinators, Bookrunners and Mandated Lead Arrangers for the Facility. Bank of America acted as Documentation Agent and Bayerische Landesbank acted as Facility Agent. 
 
The Facility was initially launched at US$400,000,000 and achieved a significant oversubscription of almost 2.5x of the launch amount. Commitments were scaled back and the significant market demand further allowed the deal to be increased, closing at US$600,000,000. A total of 29 banks committed to the transaction from across North America, Europe, the Middle East, Asia and Africa. The success of the deal highlights the international syndicated loan market’s continued support for Investec, especially during these continuing challenging times. 
 
Details of the facility are as follows: 
Borrower: Investec Bank Limited 
Facility Amount: US$600,000,000 
Purpose: General corporate purposes and Refinancing 
Tenors: Tranche A: 1 year + 1 year extension at Borrower’s option 
Tranche B: 2 years + 1 year extension at Borrower’s option 

Lenders

Coordinators, Bookrunners and Mandated Lead Arrangers: 
Bank of America 
Industrial and Commercial Bank of China Limited, London Branch 
Intesa Sanpaolo Bank 
SMBC Bank International plc 
Standard Chartered Bank 
State Bank of India 
 
Mandated Lead Arrangers: 
Bank of Baroda 
Bank of China 
Banco BAI Europa S.A. 
BNP Paribas S.A. 
China Construction Bank Corporation, Johannesburg Branch
Citibank N.A., London Branch 
JP Morgan Securities plc 
Lloyds Bank Corporate Markets plc 
The National Bank of Ras Al Khaimah (P.S.C.) 
Abu Dhabi Commercial Bank PJSC 
Credit Europe Bank N.V. 
Erste Group Bank AG 
First Abu Dhabi Bank PJSC 
HSBC Bank plc – Johannesburg Branch 
Union Bank of India, Hong Kong Branch 
 
Lead Arrangers: 
Bank of Taiwan, South Africa Branch 
Bayerische Landesbank 
AfrAsia Bank Limited 
MUFG Bank, Ltd. 
Unicredit S.p.A. 
The Export-Import Bank of the Republic of China 
DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main 
KEB Hana Bank, London Branch
 
For any further enquiries, please contact:
Darryn Solomon, Global Head of Financial Institutions Group at Investec Bank Limited 
[email protected]
+27 82 558 0759