Standard BankGroup Ltd. unit CfCStanbic Bank Ltd. on March 31 signed a dual tranche loan facilityworth $135 million, according to an April 4 press release posted by .
Emirates NBD Capital and Mashreqbank acted as initial leadarrangers and book runners on the transaction.
The proceeds of the transaction, which was oversubscribed fromthe launch amount of $100 million, will be used for general corporate purposes,including for the financing of trade-related activities.