Mandates and payments roundup, December 13

Standard Bank signs a $275 million loan facility with 18 banks, while MoneyGram partners with ICBC to launch a new cash service in 20 countries.

Standard Bank signs loan facility in Taiwan

South Africa’s Standard Bank has signed a $275 million loan facility in Taiwan. According to Craig Bond, chief executive of Standard Bank China, the three-year term loan facility is to be used for general purposes by the bank with a primary focus, but not limited to, trade related financing. The loan facility, signed on December 9, was provided by a total of 18 banks including Taiwanese and international banks.

“The wide range of support provided by the participating banks is encouraging as it shows that Standard Bank’s strategy of linking Asia to Africa is a positive one,” said Bond. “The...

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