Row rect Shape Decorative svg added to bottom 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 Capital that builds confidence in South Africa’s tomorrow Absa Corporate and Investment Banking (CIB) is proud to partner with the South African National Treasury as the sole lead arranger and infrastructure finance structuring agent of a R11.8 billion Infrastructure and Development Finance Bond. This purpose-driven instrument is designed to finance or refinance priority infrastructure under the Government’s Budget Facility for Infrastructure (BFI) programme. Read more DEALS Building Namibia’s fiscal strength through purpose-led partnership Supporting the Government of the Republic of Namibia with a ZAR 1.5 billion facility that enables Eurobond repayment obligations and strengthens domestic fiscal resilience. Read more DEALS Distributed Energy. Powering Africa’s low-carbon leap Absa supports CrossBoundary Energy’s $225 million capital raise, contributing up to $100 million to expand renewable infrastructure, enable the mining of critical transition metals such as copper, and extend energy access across underserved African markets. Read more
