US$175 million syndicated term loan facility | Investec Bank (Mauritius) Limited

We are pleased to announce the successful closing of a US$175,000,000 term loan facility (the ‘facility’) for Investec Bank (Mauritius) Limited (‘IBM’ or the ‘borrower’) on Monday 07 April 2025. A total of 10 banks committed to the transaction from across Europe, the Middle East and Asia. The success of the deal highlights the international syndicated loan market’s continued support for IBM.

• Coordinators and bookrunners | Abu Dhabi Commercial Bank PJSC (‘ADCB’), Standard Chartered Bank (‘SCB’) and SMBC Group (‘SMBC’)
• Documentation agent | Standard Chartered Bank
• Facility agent | Abu Dhabi Commercial Bank PJSC.

The proceeds of the loan are to be used for general corporate purposes, including the refinancing of tranche A of the borrower’s US$125,000,000 syndicated term loan facility signed on Wednesday 26 March 2024.

The facility was initially launched at US$125,000,000 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$175,000,000.

Details of the facility

Borrower               Investec Bank (Mauritius) Limited 

Facility amount     US$175,000,000

Purpose                 General corporate purposes

Tenor                     2 year + 1 year extension at borrower’s option.

LENDERS

Coordinators, bookrunners and mandated lead arrangers

Abu Dhabi Commercial Bank PJSC

Standard Chartered Bank

SMBC Group

Mandated lead arrangers

Industrial and Commercial Bank of China Limited, London branch

SBI (Mauritius) Ltd

Standard Bank (Mauritius) Limited

State Bank of India, Johannesburg

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

Lead arrangers

AfrAsia Bank Limited

BCP Bank (Mauritius) Ltd.

ABOUT INVESTEC

Investec Bank (Mauritius) Limited, is a wholly owned subsidiary of Investec Bank Limited. Established in 1997, the bank initially focused on concluding structured finance transactions, primarily for its South African clients. It has since expanded and now operates as a specialist bank and wealth manager leveraging the natural linkages between both private client and corporate and investment banking activities.

The bank has strong corporate governance structures on the island and operates within strict risk limits and guidelines overseen by group risk. Governance structures are outlined in the audited annual report. Further information relating to the borrower, including financial statements, can be obtained via its website at www.investec.com

For any further enquiries:

Name                     Stephen Matthysen, Financial Institutions Group

Telephone             T: +27 11 286 9489 / M :+27 82 441 1698

Email                     stephen.matthysen@investec.co.za

Name                     James Catto, Treasury, IBM

Telephone             T: +230 207 4070

Email                     James.catto@investec.com