24 Mar 2021

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

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 


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 


+27 82 558 0759