Standard Bank has closed an $800 million sustainability-linked syndicated loan that attracted strong interest from global investors, making it one of the most significant funding deals by an African bank this year.
The Facility was coordinated by Bank of America (BofA), the London Branch of the Industrial and Commercial Bank of China (ICBC), and Standard Chartered Bank (SCB), with BofA and SCB acting as joint stability coordinators.
Initially launched for $500 million, it was well received by the international debt market and was oversubscribed with total commitments of over $1 billion.
The syndicate comprises a group of investors from around the world. A total of 30 banks from North America, Europe, the Middle East, Asia and Australia committed to the transaction.
Linking finance to sustainability performance
The interest rate on the loan is linked to Standard Bank's performance against two sustainability key performance indicators (KPIs): green finance and social-finance mobilization.
The facility is structured as a two-year loan, with an option for Standard Bank to choose to extend for a further year.
“This transaction reflects our continued participation in the international syndicated loan market and supports Standard Bank’s Africa growth strategy,” said Luvuyo Masinda, Chief Executive Officer, Corporate and Investment Banking, Standard Bank.
According to Dealogic data, the facility is the largest sustainability-linked loan to date by an African borrower in 2026.
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