Row rect Shape Decorative svg added to bottom DEALS Entrenching sustainability in Commercial Property Finance across borders Absa | Corporate and Investment Banking > Insights and Events > Entrenching sustainability in Commercial Property Finance across borders SHARE We are proud to have acted as a funder in Grit’s multi-jurisdictional syndicated USD306million Sustainability-Linked Term Loan. Grit Real Estate Income Group Limited is a public company registered and headquartered in Mauritius and is a leading pan-African real estate company focused on investing in, and, actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). The Group has a full suite of on-the-ground capabilities and has a proven ability to generate attractive African returns for a sound risk profile. The deal was a Syndicated USD306million Sustainability Linked Term Loan that centralized our client’s Treasury function, pooled their debt across the majority of the geographies in which they operate, and extended their debt maturity profile. With this deal, Grit has migrated from the traditional financing model where debt is raised on an asset by asset basis. Outside of South Africa, this is the largest syndicated sustainability linked transaction on the continent to date. We are proud to have played a key role in this transaction that directly contributes to entrenching sustainability KPIs in the Commercial Property Finance sector. The transaction's success in challenging market conditions is reflective of our clients’ confidence in us, as well as our capabilities and expertise in facilitating complex pioneering transactions across the African continent. Contact us Read more on our Commercial Property Finance solutions https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Financing agricultural growth across Southern Africa Absa Corporate and Investment Banking arranged a USD350m financing facility for United Capital Fertilizer Ltd (UCF) to help scale production and improve fertilizer supply across key African markets. Read more DEALS Advancing renewable energy resilience through structured finance Absa Corporate and Investment Banking supported Envusa Energy, a joint venture between Anglo American and EDF Power Solutions, in the financing of the Sishen Solar PV project. The embedded renewable energy facility will supply solar power directly to the Sishen Iron Ore Mine in the Northern Cape, South Africa. Read more DEALS Enabling mining development to support South Africa’s economic growth Absa CIB acts as joint mandated lead arranger, hedge provider, account bank and facility agent for West Wits Mining’s Qala Shallows Gold Project Read more
