Release date: 20 June 2003
Promoter – Financial Intermediary
ABSA Bank Limited, Johannesburg, South Africa
FirstRand Bank Limited, Sandton, South Africa
Nedbank Limited, Sandton, South Africa
Standard Bank of South Africa Limited, Johannesburg, South Africa
Location
Description
Global loan for the co-financing of medium scale projects in the private sector and/or infrastructure projects mainly in the municipal sector
Objectives
Giving the local banks access to a source of stable long term finance in a range of currencies, including South African Rand for the long-term financing of capital investments.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 100 million
Total cost (Approximate amount)
n.a.
Environmental aspects
All sub-projects financed under the proposed loan will be required to comply with the relevant national legal framework, to be acceptable in environmental terms to EIB and in line with EU environmental policy.
Procurement
EIB procurement guidelines for global loans will be applied.
Status
Signed - 31/07/2003