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 Powering a sustainable future with Ferroglobe At Absa CIB, we believe that financing critical mineral supply is essential for advancing the Just Energy Transition. Our partnership with Ferroglobe supports the expansion of silicon metal production, which is key to semiconductor chips and solar panels, driving economic growth, job creation and Africa’s role in the renewable energy value chain. Read more DEALS Propelling South Africa’s Just Energy Transition Our landmark project financing contribution towards an R8.8 billion transaction with Red Rocket South Africa (Pty) Ltd reinforces our position as a market leader in renewable energy financing. Read more DEALS Building a more robust green energy landscape South Africa’s green energy sector is poised for significant transformation, with vast untapped investment potential. Our R1.45 billion deal with G7 Renewable Energies and Cennergi Holdings marks a monumental sustainability partnership, highlighting the critical role of finance as a catalyst for advancing renewable energy projects. Read more
