Investec Bank Limited Dual Currency Term Loan Facilities

Bank of America Europe DAC, Industrial and Commercial Bank of China Limited London Branch, Mizuho Bank, Ltd., The National Bank of Ras Al Khaimah PSC and State Bank of India, Johannesburg acted as Coordinators, Bookrunners and Mandated Lead Arrangers for the Facilities.  Bank of America Europe DAC acted as Documentation Agent and Commerzbank AG. acts as Facility Agent. The proceeds of the loan are to be used for general corporate purposes, including the refinancing of the Borrower’s US$600,000,000 syndicated term loan facility signed on 10th June 2024.  This is Investec’s second dual-currency syndicated loan. 

The Facilities were initially launched at US$250,000,000 eq. and achieved a substantial oversubscription over the launch amount.  Commitments were scaled back and the significant market demand further allowed the deal to be increased, closing at US$375,000,000 and EUR200,000,000.  A total of 24 banks committed to the transaction from across North America, Europe, the Middle East, Africa and Asia.  The success of the deal highlights the international syndicated loan market’s continued support for Investec.  Competitive pricing, the dual currency and a single 2 + 1 year tranche further demonstrates the appeal of the transaction to lenders.

Details of the Facilities are as follows: 

Borrower: Investec Bank Limited

Facilities Amounts:  US$375,000,000 and EUR200,000,000

Purpose: General corporate purposes

Tenor:    2 years + 1 year extension at Borrower’s option

LENDERS

Coordinators, Bookrunners and Mandated Lead Arrangers: 

Bank of America Europe DAC

Industrial and Commercial Bank of China Limited London Branch

Mizuho Bank, Ltd.

The National Bank of Ras Al Khaimah (P.S.C)

State Bank of India, Johannesburg

Mandated Lead Arrangers:

Commerzbank AG 

Bank of China Limited, Johannesburg Branch

Bank of China Limited London Branch

Landesbank Baden-Württemberg

Bank of Communications Co., Ltd. Johannesburg Branch 

Bank of India 

China Construction Bank Corporation, Johannesburg Branch 

China CITIC Bank Corporation Limited, Johannesburg Branch 

BayernLB

DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main

Landesbank Hessen-Thűringen Girozentrale 

Citi 

HSBC

J.P. Morgan Chase Bank, N.A., London Branch  

Lloyds Bank Corporate Markets Plc

Standard Chartered Bank (Hong Kong) Limited 

MASHREQBANK PSC

mBank Spółka Akcyjna

Lead Arrangers:

Erste Group Bank AG

Bank of Taiwan South Africa Branch

ABOUT INVESTEC

Investec Group is a leading international bank and wealth manager, with a regional focus in Southern Africa and the United Kingdom, complemented by a strategic presence in Continental Europe, Channel Islands, Dubai, India, Mauritius, Switzerland, and the United States.

Investec partners with private, corporate, and institutional clients, and delivers tailored solutions with exceptional service in the areas of private banking and wealth management, and corporate and investment banking. Investec is driven by its purpose to create enduring worth for all its stakeholders. 

The Group was established in 1974 and currently has 8,000+ employees. Investec has a dual listed company structure with primary listings on the London and Johannesburg Stock Exchanges.

For any further enquiries, please contact the following: