Standard Bank acted as the Investment Bank and transaction advisor to SABMiller on their Broad-Based Black Economic Empowerment transaction. Under the transaction, The South African Breweries Limited ("SAB") will issue three new classes of ordinary shares in SAB (the "SAB Shares"), in aggregate comprising 8.45% of SAB's enlarged share capital.
Standard Bank provided development finance totalling R752 million to the 3 co-owners, Resilient Property Income Fund Ltd, East & West Investments (Pty) Ltd (Moolman Group) and Changing Tides 91 (Pty) Ltd (Flanagan & Gerard Property Development & Investment), for the development of a 73 000m2 regional shopping centre in Polokwane.
Standard Bank was the majority financier to the newly listed Fortress Income Fund Ltd, providing R650 million of 2 year senior debt in September 2009. The financing was applied in the acquisition of a portfolio of 71 properties, purchased predominantly from Capital Property Fund and Pangbourne Properties Ltd.
Standard Bank was the Investment Bank and transaction sponsor to Tiger Brands Limited for their Phase II BEE transaction where they transferred 9,1% shareholding to BEE parties.
The European Bank for the Reconstruction and Development (EBRD) and Standard Bank Plc together the Initial Mandated Lead Arrangers announced the signing of the Senior Syndicated EBRD B-Loan for JSC Ukreximbank Ukraine under a US$134.5 million EBRD A/B Loan Facility.
Standard Bank was principal advisor to Ruukki Group plc, a company incorporated in Finland, (“Ruukki”) and Sylvania Resources Limited (“Sylvania”) when they entered into a merger implementation agreement pursuant to which Ruukki will acquire, subject to satisfaction of certain conditions, all of the issued and to be issued share capital of Sylvania under an Australian law governed scheme of arrangement between Sylvania and its shareholders. Value of the deal is R2,953,000,000.
Standard Bank and Industrial and Commercial Bank of China (“ICBC”) were Joint Lead Arrangers on the US$ 1.6 billion coal fired Morupule B power station expansion project in Botswana (“the Project”). The Project is a major Botswana government initiative, driven by the Botswana Power Corporation (BPC), aimed at boosting the country’s power generation capacity. It comes in the wake of Eskom switching off its power to Botswana to supply growing domestic demand in South Africa.
Standard Bank was a sole Lead Manager on the City of Cape Town's CCT02 R1,2 billion, 15 year bond that was 1,5 times oversubscribed and was issued within the Standard Bank price guidance
Standard Bank was Principal advisor to Ruukki Group Plc when they acquired 84.9% of the shares in Mogale Alloys Limited, located in South Africa and having minerals smelting operations. The minority stake in Mogale will be owned by BEE (Black Economic Empowerment) partners. The Mogale acquisition is a cornerstone transaction in Ruukki's expansion into South Africa, which is one of the leading areas of minerals production.
Standard Bank was mandated as Co-Lead with JP Morgan and Barclays Capital mandated as Lead Managers on the deal.
Standard Bank was transaction advisor and sponsor to Highveld Steel and Vanadium Corporation Limited on the disposal of a 26% equity interest in its Mapochs Mine to a Community trust established for the benefit of the communities affected by the operations of the mine (3%), and a special purpose subsidiary of Umnotho weSizwe Group (Pty) Limited.
Standard Bank was the principal advisor in the convertible loan facility and proposed disposal of ZAO Standard Bank to Troika Dialog, resulting in Standard Bank Group owning a 33.33% shareholding in Troika Dialog valued at R3 billion.
Standard Bank was advisor and lead sponsor to The Standard Bank Group Limited on the payment of a scrip distribution to ordinary shareholders determined by the ratio that 193 cents multiplied by 1,05 bears to the volume weighted average price of the Company's ordinary shares on the JSE during the 5-day trading period ending Thursday, 19 March 2009 (being 7741 cents) multiplied by the number of shares issued (being 2,617,879).
Standard Bank was Sole Lead Manager on Transnet's TN23 R800 million bond issue
Lekki-Epe Expressway is a 30 year project to build and operate a toll road corridor along the Lekki peninsula in Nigeria. Standard Bank Plc is the Lead Arranger to the International Tranche (largest lender representing 35% of senior debt). The Standard Bank of South Africa (SBSA) is also Financial Advisor to the Project and Stanbic IBTC Bank Plc (Stanbic IBTC) is the Lender and participant in the Offshore Tranche.