CRDB Bank

Our role

CRDB Bank Plc appointed Investec and Intesa Sanpaolo as joint Coordinators and Bookrunners to arrange a syndicated term loan facility.

The transaction - CRDB’s fourth syndication - offered one year and two year tranches, launched at $100 million and upsized to $200 million on the back of strong demand.

The deal attracted more than $560 million in interest, with the one year tranche targeted at $90 million and receiving $416.5 million of commitments,  the two year tranche targeted at $10 million receiving  $151 million.

“As a sign of continued market confidence in CRDB Bank and the future potential of the East African economy, the syndicated term loan facility was again oversubscribed,” affirms Marc Kohne, Head: Africa Leveraged Finance at Investec Corporate and Institutional Banking.

The lender base was diverse, with 10 new lenders joining and an increased appetite for the two year tranche compared with prior years; participants spanned Africa, the Middle East, Europe and the UK.

First launched in 2022 to improve capitalisation at Tanzania’s largest bank, the fourth syndication round for CRDB Bank again offered global lenders the opportunity to join either the one-year or two-year term facility.

“The interest in the two-year facility from the diverse lender pool was much higher than in previous years,” explains Leanne Large, Head of Loan Distribution and Syndication at Investec Bank. 

These record commitments in 2025 are the culmination of a four year growth story, characterised by consistent increases in investor interest since the first funding round in 2022.

“As our relationship with CRDB Bank has deepened, the facility has grown from $130 million in the first year to $142 million in 2023 and $150 million in 2024,” explains Rowan King, Head of Africa Business Development at Investec Corporate & Institutional Banking.