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South Africa: Standard Bank receives African Innovation Recognition
Source: Google Alert
Source Date: Thursday, October 09, 2014
Focus: ICT for MDGs
Country: South Africa
Created: Oct 09, 2014

Transactions that the bank has been involved in includes the largest debut bond in sub-Saharan Africa to date: the Republic of Kenya's $2 billion debut sovereign bond.

A panel of experts, encompassing senior editorial staff from The Banker magazine as well as executives from a range of Africa-focused advisory firms and investment companies were also judges of the award.

"The group of judges were particularly impressed with Standard Bank's role in Seplat IPO, Osun State's sukuk in Nigeria, Aspen Pharmacare's $2.7bn-worth of loans and Johannesburg's R1.46bn green bond," reads a statement.

David Munro, chief executive, corporate and investment banking (CIB), Standard Bank, said: "We truly appreciate receiving this prestigious award. It is an external, objective assessment of what we are trying to achieve at CIB – ensuring that large global multi-national corporations, and South African companies, are able to do business in Africa; and providing access for African companies to the international capital markets."

CIB's top six markets are said to be South Africa, Nigeria, Kenya, Angola, Mozambique and Ghana.

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