DEALS | 19 MAY 2022 Leveraging the strength of long-term relationships Absa | Corporate and Investment Banking > Insights and Events > Leveraging the strength of long-term relationships SHARE Proud to have acted as Co-Bookrunner in the 4th and final selldown in Absa Group Limited stock by Barclays PLC After markets closed on 31 August 2022, Barclays PLC launched an accelerated bookbuild (“ABB”) for the sale of its remaining 7.44% stake in Absa Group Limited. Absa proud to have acted as Co-bookrunner on the successful ABB, where the full 7.4% stake of 63.1mm shares was placed at an offer price of R169.00 per share which is a 5.1% discount to the prior day’s close of R178.02. The offer raised a gross amount of ZAR10.7bn (~$622mm), making it the largest ABB in South Africa this year and the largest ABB since 2017. Similar to the prior selldown in April 2022, where Absa also acted as the sole domestic co-bookrunner, books were covered very soon after deal launch at 5 pm SAST and were multiple times covered. The tight discount is a testament to the best-in-class execution, with our team having monitored the market daily since the previous ABB when Barclays placed the first 7.4% tranche, and to the strong demand for Absa’s stock across domestic and international investors. We pride ourselves in collaborating across the bank’s equity vertical in delivering exceptional results for clients and investors alike. This deal is testament to our pan-African Equities and Equity Capital Markets prowess. The bravery to imagine. That’s Africanacity. Speak to us https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Accelerating transformative Infrastructure development for long-term impact Our $75 million deal with the Emerging Africa & Asia Infrastructure Fund (EAAIF) is set to accelerate infrastructure development for lasting impact - bridging Africa’s long-term debt gap, and supporting projects that promote infrastructure development, economic growth and renewable energy expansion. Read more 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
