By Aaron Hochman-Zimmerman
New York, July 23 - Standard Bank of South Africa Ltd. sold $500 million five-year senior floating-rate notes (Baa1/BBB+) at 99.782 with a coupon of Libor plus 45 basis points, according to a press release.
Deutsche Bank and Standard Chartered were the bookrunners for the deal.
The bonds are due July 30, 2012.
Standard Bank is a Johannesburg-based commercial and investment bank.
| Issuer: | Standard Bank of South Africa
|
| Amount: | $500 million
|
| Issue: | Five-year floating-rate notes
|
| Maturity: | July 30, 2012
|
| Bookrunners: | Deutsche Bank, Standard Chartered
|
| Coupon: | Libor plus 45 bps
|
| Price: | 99.782
|
| Pricing date: | July 23
|
| Rating: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
