Benoit Samouilhan, Global Transaction Banker at Standard Bank Corporate and Investment Banking (CIB).
Standard Bank, Africa’s largest bank by assets, has announced a partnership with Helios Towers (HT) to provide a groundbreaking $29 million (about R474,9 million) Social Documentary Credit Facility in a move that underscores the intersection of finance and social impact.
The transaction marks Standard Bank's inaugural Documentary Credit Facility structured in a Sustainable Finance format, aimed at propelling telecommunications infrastructure growth across the African continent, a statement said Wednesday.
This facility is set to facilitate the procurement and importation of essential telecommunications infrastructure and services, granting HT improved payment certainty and supporting its working capital requirements as well as its ambitious infrastructure expansion programme.
The financing, structured in accordance with the Loan Market Association’s Social Loan Principles, is designed to enhance digital connectivity and develop telecommunications infrastructure in underserved markets.
