Nedbank Corporate and Investment Banking recognises significant opportunities across Africa in the financing of large infrastructure, energy-related and telecommunications projects across the continent.
Nedbank recognises significant opportunities across Africa and has long been considered the market leader in the financing of large infrastructure, energy-related and telecommunications projects across the continent. Our team of sector specialists is responsible for initiating, executing and managing transactions that include:
Public-private partnerships; and
We are recognised and awarded for our innovations and accomplishments in the fields of infrastructure, energy and telecommunications.
Nedbank's infrastructure team understands that opportunities on the African continent are a basis on which a broader developmental plan can be built. The oil, gas and mining sectors need enabling infrastructure such as transport, ports, energy generation, pipelines and storage. They will also need related infrastructure, including water supply, energy transmission, property and estates, telecommunications, industrial facilities and airports to succeed.
We see the holistic solution across the infrastructure project lifecycle and provide debt solutions across the spectrum of infrastructure projects by using various instruments, such as senior, mezzanine and consumer price index debt, corporate debt and bonds.
Our infrastructure projects span across the continent and include commercial infrastructure, such as roads, rail links, ports, airports, power plants and pipelines, and public or social infrastructure, such as hospitals and schools.
Renewable energy has changed the face of South Africa (and Africa as a continent) and the energy team has succeeded in positioning Nedbank as the leading South African bank involved in the renewable-energy space. With 23 deals funded, R25 billion committed and 10 awards won in the Renewable Energy Independent Power Producer Programme (REIPP), we are the clear leader in the energy space.
Nedbank has to date provided debt funding of more than R32.6 billion to the REFIT transactions, with an equivalent level of interest rate hedging and forex hedging, earning significant non-interest revenue for both Investment Banking and Global Markets. Individual exposures range from R550 million to R1,8 billion.
Nedbank was joint mandated lead arranger for the Euro 623 million of the landmark Lake Turkana Wind Power Project in Kenya. To date the Lake Turkana Wind Power Project is the largest single private sector investment in Kenya and, at 310 MW, it will be the biggest wind farm in sub-Saharan Africa and in the top 10 worldwide.
The importance of this project was recognised by the following two prestigious international awards:
Nedbank has also acted as a joint mandated lead arranger, underwriter and lender of US$125m of the Cenpower 340-MW combined-cycle gas turbine power plant in Ghana. The approximate total debt requirement was US$650m, funded through a limited-recourse facility supported by the Export Credit Insurance Corporation.
The Cenpower project is regarded as a landmark for independent power producers (IPPs), not just in West Africa, but also on the continent as a whole, and has already won Africa Power Deal of the Year in the PFI Awards for 2014. The power sector in Ghana is in need of additional capacity and the project is already blazing a trail for further IPPs in the country.
The team's mandate follows a full-sector approach and includes financing to parastatals and corporates within the energy sector through:
Limited-recourse finance deals within the electricity, oil and gas, as well as biofuels sectors, both internationally and in Africa;
Financing to parastatals and corporates within this sector;
Funding various renewable-energy projects, from landfill gas, to solar and wind turbine power – especially with South Africa's electricity supply at stake.
We look forward to working with government and other environmentally minded businesses and financial institutions to ensure that renewable energy remains a key driver of our country's sustainable future.
We are one of the lead arrangers and providers in telecommunications finance in sub-Saharan Africa. With indepth knowledge of the sector we have a broad industry focus – from fixed-line operators and the mobile sector to infrastructure sharing and broadband capacity provisioning through an undersea cable and satellites.
We finance clients from greenfields to maturity across the entire spectrum of capital required, providing innovative and flexible financing solutions customised to each client's requirements.
Our service philosophy is premised on partnering with our clients and by gaining deeper understanding of their needs to provide optimum solutions.
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