Nedbank Capital, the investment banking division of Johannesburg-based bank holding company Nedbank, and Netherlands-based international banking group ABN Amro have established an investment banking alliance that will give South African clients access to international markets.
The companies have stated that the alliance will provide investment grade and high-yield corporate bonds, syndicated loans, offshore corporate leverage and acquisition finance, as well as international equity listings, rights issues and secondary block trades.
In a joint statement, the companies said that through the alliance they hope to establish an offshore capital one-stop shop, and that, The initial focus of the alliance will be on South African corporate clients seeking to raise offshore finance.
As well as benefiting South African clients, the alliance will also give ABN Amro’s clients greater access to South Africa, an area that is attracting foreign investment due to economic growth and its proximity to as yet untouched African markets. ABN Amro hopes to expand its presence in South Africa across the funding spectrum.