Source: Rand Merchant Bank |

RMB funds Greenfield Dry Bulk Port Concession in Côte d’Ivoire

The concession, and construction of the dry bulk port is expected to have a significant developmental impact on the region

Rand Merchant Bank (RMB) (www.RMB.co.za), in partnership with two other commercial banks, acted as Mandated Lead Arranger, of a EUR90m 10-year senior debt financing package for the Terminal Industriel Polyvalent de San Pedro (TIPSP), in Côte d’Ivoire’s secondary port, San Pedro. The concession is a 35-year agreement between TIPSP and…

Source: Rand Merchant Bank |

African Countries Face Challenge of Prohibitively Expensive Bond Market Fund Raising

African government bonds have historically offered fairly priced, long-term debt for issuers and attractive returns for investors

The perfect storm of inflationary pressures, aggressive monetary tightening from central banks, combined with a deepening of the Russia/Ukraine crisis, has made capital raising via traditional bond markets particularly expensive for African countries whose governments have been forced to find innovative ways to raise capital. Miranda Abraham, Co-Head of Loan…

Source: Rand Merchant Bank |

Balancing the ‘E’ and ‘S’ in Environment, Social and Governance (ESG) crucial to sustaining liquidity and resilience in the African loan market (By Miranda Abraham)

The loan market had a challenging 2021, with volumes in the sub-Saharan African market falling to just $28bn, in 110 deals, from about $40bn in each of 2020 and 2019

By Miranda Abraham, Co-Head: Loan Syndication at RMB in London (www.RMB.co.za) Sub-Saharan Africa’s loan market had a slow start to this year but is showing resilience and is set to continue to grow, offering favourable opportunities for the region’s sovereign and corporate borrowers as well as for investors. The market…

Source: Rand Merchant Bank |

Rand Merchant Bank (RMB) Launches New Brand Campaign Centered around Talent

The campaign, called “Our talent is how we do both”, is being flighted on airport billboards, digital and social media channels, print, film/TV and radio

RMB (www.RMB.co.za), a division of FirstRand Bank Limited, has launched an appealing new brand campaign that speaks to the bank’s ability to deliver on seemingly disparate objectives. The campaign, called “Our talent is how we do both”, is being flighted on airport billboards, digital and social media channels, print, film/TV…

Source: Rand Merchant Bank |

Rand Merchant Bank (RMB) helps raise $1.2bn for Afreximbank in Boost to African Trade post Covid

Afreximbank is a Pan-African multilateral financial institution that finances and promotes intra-and extra-African trade

RMB (www.RMB.co.za) acted as global coordinator, bookrunner and mandated lead arranger for African Export Import Bank, or Afreximbank, in securing a USD1.2 billion (R18bn), 3-year Syndicated Term Loan Facility. Afreximbank is a Pan-African multilateral financial institution that finances and promotes intra-and extra-African trade. The proceeds from the Term Loan Facility…

Source: Rand Merchant Bank |

Rand Merchant Bank (RMB) Acts as Global Coordinator and Active Bookrunner on Bank of Industry’s Inaugural €700m Eurobond

RMB was appointed as global coordinator and active bookrunner for the transaction alongside other banks

Rand Merchant Bank’s (RMB) (www.RMB.co.za) International Debt Capital Markets (DCM) team assisted Bank of Industry (BOI), Nigeria’s largest, oldest and most profitable Development Finance Institution (DFI) to issue a EUR700m Eurobond by way of 144A/RegS Senior Note Participation Notes, irrevocably and unconditionally guaranteed by the Federal Government of Nigeria. BOI,…