Row rect Shape Decorative svg added to bottom Strengthening market access through funding diversification Absa | Corporate and Investment Banking > Insights and Events > Strengthening market access through funding diversification SHARE Lewis Group has returned to the public bond market after 13 years, raising R1.1 billion through a senior unsecured bond auction. The issuance supports the Group’s broader funding strategy, including funding efficiency, investor diversification and general corporate purposes. The auction attracted R3.466 billion in bids from institutional investors and was 3.15 times oversubscribed, reflecting strong market participation in Lewis Group’s credit profile and supporting its access to diversified sources of capital. As Joint Lead Arranger, Absa provided debt capital markets execution, syndication capability and institutional investor access. The transaction builds on an 18-year banking relationship with Lewis Group and reflects the role of long-term partnerships in supporting sustainable funding outcomes for South African businesses. We are invested in your story and invite you to write it with us. For more information contact: Chriszelle Joseph Nokwethemba Nzimande https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Absa supports V&A Waterfront’s sustainable growth ambitions Absa Corporate and Investment Banking has supported the V&A Waterfront’s next phase of development through a R2.25 billion syndicated financing facility. Read more DEALS Absa supports Safaricom Ethiopia’s next phase of growth and digital transformation A tailored financing solution enabling network expansion, digital infrastructure investment and greater financial inclusion across Ethiopia. Read more DEALS Absa supports multi-family residential growth with a R355 million Social Loan for Live Easy Absa Corporate and Investment Banking (CIB) has provided a R355 million Social Loan to multi-family residential developer Live Easy, which reinforces a growing relationship aimed at expanding access to quality, affordable rental housing in South Africa. Read more
