LPC-Standard Bank set to sign US$1bn syndicated loan

April 15, 2016 11:03 AM

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LONDON, April 15 Standard Bank of South Africa is set to sign an increased three-year US$1bn loan with a group of 24 banks, a banker close to the deal said. The deal is Standard Bank's 55th international syndicated loan.

The deal was launched at US$600m and raised US$1.27bn in syndication before being scaled back to US$1bn.

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