SARB announces successful loan syndication

Tito Mboweni, governor of the South African Reserve Bank, issued a statement on Monday 18 July following the announcement of the successful syndication of the SARB's US$1,5 billion Dual-Tranche Syndicated Term Loan Facility.

The South African Reserve Bank (SARB) today announced the successful conclusion of a US$1,5 billion syndicated loan. The SARB entered into this dual-term loan facility with 33 banks. The syndicated loan represents a restructuring of existing facilities and will not result