Personal Business

ACSA

Standard Bank Group supports the Airports Company of South Africa’s (ACSA) vision of providing the gateway to Africa.

ACSA embarked on a drive to deliver efficient capacity expansion to match forecast passenger growth and meet the traffic demands for 2010 and beyond. To deliver on this goal, it required finance and Standard Bank Group is proud to have been able to partner with ACSA in two financial deals.

In 2007, Standard Bank was the joint lead manager in a R2-billion bond issue to raise capital for airport expansion. That same year, we were joint arranger of a R12-billion domestic medium-term note programme. The capital was to be used to upgrade two major interational airports (OR Tambo and Cape Town) and construct the new Kind Shaka International airport in KZN, by June 2010.

Summary

Sector expertise Infrastructure
Client ACSA
Deal size R14-billion (R2-billion for airport expansion and R12-billion for domestic programme)
Duration 2007 to June 2010
Key features By providing world-class airports, ACSA has proved that Africa is catching up with the rest of the world – our infrastructural projects compete with the best in the world.
Connections ACSA
Noteworthy Before ACSA, South Africa’s airports were owned and operated by the State.