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 Partnering to continue harnessing wind power for a greener future Absa Corporate and Investment Banking (CIB) is proud to have acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider for the R5 billion financing of Seriti Green’s 155MW wind project, which will supply clean, reliable power to NOA over the next 25 years. NOA is a leading renewable energy independent power producer and aspirant energy trader owned by the Old Mutual Group through the Africa Infrastructure Investment Managers (AIIM) and the IDEAS Fund. Read more DEALS Reinvesting in energy that keeps Africa moving Absa Corporate and Investment Banking has partnered with Infinity Power (IPH) in a landmark US$372 million refinancing of an existing 368MW Bid Window 3 wind portfolio under South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), including the Noupoort Wind Farm, Loeriesfontein 2 Wind Farm and Khobab Wind Farm, located in the Northern Cape. Read more DEALS Bridging markets to unlock bold ambitions Absa Corporate and Investment Banking (CIB) acted as the sole South African bank appointed as Global Coordinator, Joint Bookrunner and Dealer Manager in the successful issuance of a US$500 million international bond for Bidvest. Read more
