Global pharmaceutical giant, Aspen, and Nedbank CIB close EUR3,4bn multi-currency funding deal

The international group, Aspen Pharmacare Holdings, recently appointed Nedbank Corporate and Investment Banking (CIB), together with MUFG Bank Ltd, to act as joint mandated facility coordinator, lead arranger and bookrunner for the provision of multi-currency syndicated funding facilities worth a total of approximately EUR3,4bn.

In addition to successfully facilitating the completion of the syndicated funding deal, which involved a basket of currencies including ZAR, EUR and AUD, Nedbank CIB also participated in EUR200m of the funding itself.

Nedbank CIB has enjoyed a strong relationship with Aspen for the past 12 years, and the successful facilitation of this deal represented a watershed moment for the bank.

It was the first time that Nedbank CIB had the opportunity to act as the sole SA bank to fund and lead a financing transaction of this magnitude for a truly global client. The success of the deal has not only cemented our valuable relationship with Aspen, but also helped to strengthen our standing as a valuable finance enabler and partner for global organisations of all sizes.

The transaction demonstrated how Nedbank CIB’s diverse teams in a variety of geographical locations do collaborate to craft compelling and innovative responses, execute requirements across multiple jurisdictions, and support clients through substantial underwriting commitments.

By | 2018-09-11T08:17:32+00:00 August 29th, 2018|Finance, General|0 Comments

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