There are increasing opportunities to deliver sustainable and impactful investment expertise to our clients and stakeholders across a broad range of growth themes.
As a first step in that effort, we have established a sustainable finance business unit, the first of its kind in Africa. The unit is responsible for partnering with our businesses to better serve our clients, drive innovation and capture emerging opportunities as sustainable growth becomes increasingly important for investors, institutions and companies globally.
The unit included a number of deals in 2019, including:
Standard Bank role: sole arranger and lender ESG-linked
Acorn Project (Two) Limited Liability Partnership
KES4.26 billion – Fixed rate Series of I green bonds
Standard Bank role: Lead arranger and placing agent
Impact: Construction of student housing, Edge-certified green buildings
Federal Republic of Nigeria
NGN15 billion – 14.50% Series II green bonds
Standard Bank role: Joint financial advisor and book runner via Stanbic IBTC Capital
Impact: Green projects aimed at addressing climate change
SPV PowerCorp Plc February 2019
NGN8.5 billion – 15.60% Series of I green bonds
Standard Bank role: Joint issuing house and receiving bank
Impact: Re-finance existing debt, acquired 30MW Gurara hydropower plant, rehabilitation of overhead cranes and systems/control upgrade
We recognise our obligation to respond strategically to the risks which global environmental and social pressures have on our ability to create sustainable value for our stakeholders.
We work with our clients to adopt greener solutions for their homes and businesses. For example: