RMB helps funnel global investment of $650m into African infrastructure

RMB transactor Lwandile Nene unpack's the bank's role in assisting the Africa Finance Corporation to close  $650m Eurobond debt issue at an attractive interest rate. As a result of interest generated ahead of the issue, demand was so strong that the interest rate was cut from an indicative 4.75% to an issue at 4.50% - saving AFC around R150m in interest costs over the seven year term. RMB, whose relationship with the African infrastructural investment operation began in 2012, was the only African bank of the five involved in the transaction. - Alec Hogg