Standard Bank appointed as lead financing provider for De Beers diamond project

SOUTH AFRICA – Standard Bank Group, has provided R4 billion (US$229.28m) of an R10 billion (US$573.19m) syndicated debt funding package required by De Beers Group for the biggest single investment in South Africa’s diamond industry and one of the largest mining investment projects currently underway in Africa. As one of the financers, Standard Bank was responsible for the largest debt…

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