Standard Bank proudly partnered with Transnet as joint lead arranger in a landmark R5 billion (approximately $292 million) debt capital market transaction. This issuance achieved exceptional results, attracting a record-breaking R42 billion (around $2.5 billion) in investor interest from more than 44 investors.
Standard Bank played a pivotal role by facilitating over R3.5 billion (approximately $204.4 million) from international participants, underscoring our global reach and distribution capabilities.
The transaction, fully guaranteed by the Government of South Africa, was structured across three tenors—5-year, 8-year, and 10-year—providing flexibility and appealing to a broad investor base. Through strategic pricing and structuring, Transnet successfully compressed its funding curve by approximately 60 basis points, a clear indication of improved investor sentiment and confidence in the issuer’s credit profile.
Refilwe Mathamelo, Associate in Debt Capital Markets, commented:
This outcome signals growing investor confidence in Transnet and the broader public sector.
A key differentiator in this transaction was Standard Bank’s ability to leverage its extensive investor network across both domestic and international markets.
Sabelo Mbuthu, Head of DCM and Distribution, added:
This result reflects strong investor demand and demonstrates the reliability of the bond market in helping Transnet achieve its funding objectives.
This successful issuance reinforces Transnet’s robust credit standing and highlights Standard Bank’s leadership in the debt capital markets. It exemplifies our commitment to delivering innovative, client-focused solutions that drive sustainable development across South Africa and the continent.
