The Standard Bank of South Africa has mandated BayernLB to arrange a US$300mn dual currency (US dollar and euro) term loan facility. It pays a margin of 115 basis points, and has a three-year tenor. It will be used for general corporate purposes.

According to an official statement, the bank has decided to price the facility at the upper end and to include a tranche denominated in euros to meet with the increasing preference among banks for deals raised in euros.

Mandated lead arrangers can commit either US$50mn or more, or €35mn or more, for a fee of 135 basis points.

Lead arrangers can commit US$30mn or more, or €20mn or more for 120bp.

Arrangers can commit US$15mn or more, or €10mn or more, for 105bp. Senior lead managers can commit US$5mn or more, or €3.5mn or more for 90bp.