Original disclosure @ IFC website
Updated in EWS Mar 12, 2020
Disclosed by Bank Mar 4, 2020
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According to bank provided information, the project consists of an investment of up to US$200 million in a green bond with a 10-year maturity, issued by The Standard Bank of South Africa Limited (“SBSA” or the “Project”). The bond has been privately placed with IFC and is listed on the London Stock Exchange. The proceeds will finance eligible green assets under SBSA’s Sustainable Bond Framework.
The proposed IFC investment is a US$200 million green bond for IFC’s own account.
SBSA is a leading bank in South Africa with about 24% loan market share by assets. In June 2019, the Bank had total assets of US$101 billion, net loans of US$73 billion, customer deposits of US$66 billion and equity of US$7.3 billion. SBSA is a wholly-owned subsidiary of Standard Bank Group Limited (“SBG”), Africa’s largest financial services group by assets. SBG is listed on the Johannesburg Stock Exchange and employs approximately 52,000 people across 20 countries across sub-Saharan Africa and has international representative offices in London, New York, Sao Paulo, Dubai and Beijing.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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Standard Bank of South Africa Limited
Head of Strategic Funding
+27 11 415 4194
PO Box 61344, Gauteng, South Africa
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