PROJECT

Projects

Summary of Investment Information

Project Number

49079

Company Name

STANDARD BANK GROUP LTD

Date SPI Disclosed

Mar 25, 2024

Country

South Africa

Region

Africa

Projected Board Date

Dec 19, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Mar 26, 2024

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Dec 19, 2023
Signed : Dec 22, 2023
Invested : Mar 25, 2024

Sector

Commercial Banking - General

Project Description

The project consists of a Basel III compliant Tier 2 (B3T2) subordinated loan to Standard Bank Group Limited (“SBG” or the “Group”) to support the growth of renewable energy and affordable housing assets of the Standard Bank of South Africa (“SBSA”) in South Africa.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation