10 March 2006
The National Treasury has decided to embark on its foreign funding for
2006/07. In 2005/06, Requests for Proposals (RFPs) were sent out to which 19
banks responded. These proposals were evaluated and a shortlist compiled. The
short listed banks were then requested to present their proposals to a panel
from National Treasury and the successful banks were selected.
The National Treasury shelved its foreign funding programme for the 2005/06
fiscal year. Consequently, it was decided not to re-send RFPs and appoint the
lead managers on the basis of the 2005/06 submissions and process.
The National Treasury has awarded Standard Bank and Deutsche Bank the
mandate as joint lead managers for the 2006/07 foreign funding in Euros.
Syndication will be finalised closer to the road show.
For further information please contact:
Phakamani Hadebe
Deputy Director General: Asset and Liability Management
Tel: (012) 315 5486
E-mail: phakamani.hadebe@treasury.gov.za
Thoraya Pandy
Director: Communications
Cell: 082 416 8416
E-mail: thoraya.pandy@treasury.gov.za
Issued by: National Treasury
10 March 2006
