DEALS | 28 SEPTEMBER 2021 Redefining the future through green energy finance Absa | Corporate and Investment Banking > Insights and Events > Redefining the future through green energy finance SHARE Renewable energy is a vital investment for a cleaner, more sustainable future. This is why Absa Corporate and Investment Bank, as sole arranger and underwriter, has arranged and syndicated a with R5,2bn senior debt package for Globeleq towards the refinancing of three South African renewable energy assets. This transaction strongly demonstrates our ongoing commitment to the financing of clean energy and the acceleration of investments that make a sustainable impact on the communities we serve. In addition, Eskom will save more than R1bn across the three assets over the remaining Power Purchase Agreement tenures. The benefits to Globeleq include more competitive debt terms, upsized facility amounts, extended loan tenures, relaxed financial covenants and the release of cash to various stakeholders. Find out more about the deal Speak to our team – Johan Koorts https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles AWARDS The Asian Banker Middle East and Africa Finance Awards 2024 We are proud to announce that The Asian Banker Middle East and Africa Finance (TAB) Awards 2024 has named us the Best Trade Finance Bank in Africa. This recognition reflects our unwavering commitment to delivering market-leading Trade and Working Capital solutions. Read more AWARDS Euromoney Cash Management Survey Awards 2024 We are pleased to share that we have received three awards at Euromoney 2024 Cash Management Survey; earning awards for Africa's Best Cash Management Bank for Collections, Africa's Best Cash Management Bank for Corporate Cards, and Africa's Best Cash Management Bank for Foreign Exchange. Read more EVENTS Sibos 2024 Sibos is the premier forum for the international financial community, bringing together thousands of business leaders, decision-makers, topic experts and over 125 exhibitors, collectively shaping the future of finance under the theme “Connecting the future of finance”. Read more
