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 INSIGHTS SERIES NBFI Insights As one of the largest funders of agricultural projects in sub-Saharan Africa, we are fortunate enough to have access to some of the most sophisticated farmers and agri-processing professionals on the continent. Couple this with the fact that we are one of the largest card issuers in South Africa and have access to data-rich consumer insights; we are uniquely positioned to track the journey of agriculture projects from farm to fork. Read more Financial Sector Insights Technology transforming finance: The state of play in Africa Africa is emerging as a hotspot for innovation in financial ecosystems. Read more Financial Sector Insights New entrants are disrupting the financial institutions group sector Challenger entrants are changing the face of the FIG sector, impacting this year’s significant trends. Read more
