PROJECT

Projects

Summary of Investment Information

Project Number

44010

Company Name

THE STANDARD BANK OF SOUTH AFRICA LTD

Date SPI Disclosed

May 28, 2020

Country

South Africa

Region

Africa

Projected Board Date

Jun 29, 2020

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

May 10, 2024

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Jun 26, 2020
Signed : Jun 29, 2020
Invested : Jul 16, 2020

Sector

Commercial Banking - General

Project Description

 The proposed project is an investment of up to US$200 million in a senior loan with a 3-year maturity to The Standard Bank of South Africa Limited (“SBSA” or the “Project”). The proceeds of the Project will be used to finance Covid-19 relief for South African corporates and SMEs including the purchase and production of goods and services needed to cope with the effects of the Covid-19 pandemic in the country.

Associated Advisory Engagement

  Not applicable

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation