Row rect Shape Decorative svg added to bottom DEALS Sustainable financing structures for growing places Absa | Corporate and Investment Banking > Insights and Events > Sustainable financing structures for growing places SHARE We are proud to have acted as Mandated Lead Arranger, Sustainability Co-ordinator and Lender to refinance Pareto’s current borrowings. Combining Absa’s understanding of the Pareto Group and our market leading sustainable financing expertise, we were able to raise over R9bn of demand for the transaction. Pareto, as a leading corporate citizen in South Africa and dedicated sustainability player, has allocated two thirds of the transaction to a “Sustainability-Linked” format. By achieving annual sustainability targets, Pareto will enjoy a pricing benefit, which will be used for water saving initiatives across the property portfolio. This deal underscores Absa’s commitment to providing innovative capital markets solutions that promote environmental protection and inclusivity within society. The bravery to imagine. That’s Africanacity. Find out more about our Commercial Property Finance solutions Contact us https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles RISK MANAGEMENT How Finance Can Help Build More Integrated African Supply Chains If one were to speak to African suppliers who trade across borders, many would say that doing business within the continent can feel riskier than exporting beyond it. Especially for small and medium-sized enterprises (SMEs), information on counterparties is not always easy to obtain, regional currencies can be volatile and difficult to hedge, forward markets offer little depth, and access to affordable finance is often limited at precisely the moment it is needed most. Read more RISK MANAGEMENT What Bidvest’s Eurobond Tells Us About the Maturation of SA’s Debt Capital Market The international high-yield bond market functions as one of the largest and most technically evolved sources of corporate funding in the global financial system. Read more RISK MANAGEMENT Africa’s Capital Markets Are Moving Again. Here’s How. Kenyan beverages giant East African Breweries recently refinanced an existing KES 11 billion corporate bond through a medium-term note priced at 11.8%, marking the first issuance under its newly approved KES 20 billion programme. Read more
