DEALS | 19 MAY 2022

Building on the power
of strong relationships


We are proud to have served as co-bookrunner and also the only domestic bank for Barclays PLC’s sale of 63mm shares in Absa Group Limited.

We are proud to have served as co-bookrunner and also the only domestic bank for Barclays PLC’s sale of 63mm shares in Absa Group Limited, a transaction that reduced Barclays’s PLC’s stake in Absa Group Limited from from 14.88% to 7.4%. The shares were placed in an accelerated bookbuild (“ABB”) at an offer price of R164.00 per share (7.3% to the prior day’s close of R177.00). The offer raised a gross amount ZAR10.3bn / $690mm – the second largest secondary ABB since the last Barclays/Absa ABB in 2017. The ABB was launched just after 5pm SAST on Wednesday 20 April 2022 and within 30 minutes books were covered, with the bookbuild closing by 7:30pm SAST.

We take pride in being able to navigate complex scenarios and deliver swift outcomes. Our knowledge of the market and meaningful relationships built with investors over time help us to deliver for our clients.

This deal is yet another testament to our pan-African expertise in Equity Capital Markets and Equities.

The bravery to imagine. That’s Africanacity.

Contact us

Related Articles


Scaling new heights in Nigeria’s capital markets

We are proud to have successfully completed the Dangote Industries Limited Series 1 bond offering, the largest corporate bond issuance in the history of the Nigerian capital markets


Sustainable financing structures for growing places

We are proud to have acted as Mandated Lead Arranger, Sustainability Co-ordinator and Lender to refinance Pareto’s current borrowings.


The Value of Relationships in Building Africa’s Future

The South African Debt team has built on its excellent relationship with African telecoms giant IHS to deliver a complex, multibillion-rand deal