Awards for Excellence 2019
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The shine may have come off emerging markets in recent years, but for those willing to take the risk, there are still excellent opportunities.
Standard Bank, led by head of investment banking in the Africa regions Anne Aliker, has become the investment bank of choice for corporates and sovereigns across the continent and is Africa’s best investment bank this year.
Over the last 12 months, Standard Bank has participated in some of the continent’s highest profile deals. These include the dual listing of Vivo Energy on the London and Johannesburg stock exchanges in September 2018 – the first dual listing on the LSE and the JSE.
It was the largest sub-Saharan IPO in 2018 and the fourth largest IPO in the region since 2010. Following the listing, the company was valued at £1.98 billion.
In Angola, the bank arranged a notes programme for Standard Bank Angola marking the first private bonds ever listed on the Angolan stock exchange. The bank issued NKz4.7 billion ($13.8 million) of bonds with a three year tenor and a fixed coupon rate of 17%.
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Anne Aliker |
The bank is also trusted by the continent’s corporates. In Nigeria, Stanbic IBTC Capital was the sole arranger of the N50 billion ($139 million) commercial paper issue by Dangote Cement.
The transaction was the largest corporate commercial paper issuance in the Nigeria domestic market and marked the debut of Dangote Cement in the debt capital markets.
The bank’s reach extends beyond the continent’s largest markets. In Namibia, Standard Bank was the mandated lead arranger with the French development finance institution, Proparco, for the financing of a 37 megawatt solar photovoltaic independent power producer.
In Tanzania, the bank acted as lender and lead manager to the government by participating in a $200 million tranche of a facility arranged by Credit Suisse, while in Ghana the bank acted as joint lead manager and book runner for the multi-currency C809 million ($148 million) seven-year treasury bond due in 2025.
