Rand Merchant Bank, acting as lead advisor and debt arranger, is proud to announce the successful implementation of the scheduled refinancning of R3.4-billion of funding for the FirstRand Empowerment Trust, which has generated in excess of R4-billion in value for the BEE partners, of which R200m has been released to the BEE partners as part of the refinancing. RMB structured and implemented the refinancing together with FirstRand's strategic partner, China Construction Bank, as well as other local banks and financial institutions.
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