crop.jpg)
Standard Bank of South Africa, based in the Isle of Man, is one of 19 banks lending £250 million to Standard Bank Asia in a three-year transferable term loan.
The transaction was self-arranged by the borrower and saw BayernLB, Commerzbank, DZ Bank, Industrial & Commercial Bank of China, Standard Chartered Bank and Sumitomo Mitsui Banking Corp joining as coordinating arrangers.
The funds are to refinance a $250 million transaction signed in April 2005 and for general corporate purposes.
(Picture: The view from the end of Athol Street, the heart of the Isle of Man's financial sector, from manxscenes.com).
Is 'inter-generational home sharing' the solution to the loneliness epidemic and housing crisis?
DfE provided more than £250,000 to MT to assist with below ground fibre installations
Scott Leathers enters liquidation
Cyclist to Ride 2,000km from Italy to Peel for Sight Matters
