Banking & Finance News South Africa

Standard Bank emeafinance achiever

The emeafinance Achievement Awards for 2010, which highlight leading banks across the EMEA region, has awarded the Standard Bank Group four awards, recognising its successes in a range of sectors in the region over the past year. The winners will celebrate their accomplishments at the annual Achievement Awards Charity Dinner in London on 16 June 2011.
Standard Bank emeafinance achiever

Winning deals:


  • Best sovereign bond deal in EMEA - South Africa's US$2bn issuance. The bank acted as joint book-runner, achieving South Africa's largest foreign currency debt sale at the country's lowest international coupon rate at that time. The order book for the issue was close to US$ 7bn, giving testimony to South Africa's enormous appeal to the international investor community.
  • Best supranational bond deal in EMEA - PTA Bank Eurobond. Standard Bank acted as joint book-runner, to successfully launch a US$300m Eurobond for PTA Bank, the Nairobi-based multilateral financial institution. The transaction was the first Eurobond ever from an East African issuer, either sovereign or corporate. The transaction was also the only corporate Eurobond from sub-Saharan Africa (excluding SA) in 2010 and the first bond issue from that region since 2007.
  • Best syndicated loan in Africa - Oando Plc NGN60bn Secured Syndicated Medium Term Facility. Stanbic IBTC acted as the global co-ordinator, Joint Mandated Lead Arranger, Structuring Bank, Financial Modeling Bank and Documentation Bank in the largest restructuring of short term loan completed in 2010 in the Nigerian market to date.
  • Best M&A deal in Africa - Merger of Dangote Cement Company and Benue Cement Company. Stanbic IBTC acted as Financial Adviser to Benue Cement Company in its N66.7bn merger with Dangote Cement Plc, consolidating cement producing entities of Dangote Industries Limited for optimisation of opportunities in the Nigerian cement industry.

Florian von Hartig, global head of Debt Capital Markets at Standard Bank said, "The bank is delighted to have won so many awards which recognise success on the African continent. We have an unrivalled number of professionals on the ground in Africa, which means we have a deep and intimate understanding of the needs of our clients, and are able to offer innovative and meaningful solutions as a result. The awards are testament to its expertise and highlight its ability to advise clients on solutions for their business that cross borders in both emerging and developed markets."

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