Lerato Nkanza

Local Partner, Johannesburg

Biography

Overview

Lerato specializes in debt capital markets transactions and advises on South Africa's regulatory framework relating to debt capital markets.

Prior to joining White & Case, Lerato was a senior legal advisor at a large South African bank, where she was the lead lawyer for Group Treasury (advising on strategic capital raising transactions in the domestic and international capital markets – DCM and loan capital markets included – and intragroup funding arrangements), provided legal guidance and advisory support to the Debt Capital Markets and Coverage teams across Sub-Saharan Africa (Botswana, Nigeria, Mauritius and South Africa, to name a few) on the full spectrum of fixed income products from bonds and asset-backed securities to commercial paper and regulatory capital. Lerato also worked closely with the bank's JSE Debt Sponsor Executives, providing compliance related and other advice on the JSE Debt Listings Requirements.

She also has experience advising on equity capital markets transactions.

Bars and Courts
High Court of South Africa
Education
BComm
University of Witwatersrand
LLB
University of Witwatersrand
Languages
English

Experience

Representation of Absa Bank Limited (acting through its Corporate and Investment Banking division) as manager on varied senior unsecured, guaranteed debt issuances by Mercedes-Benz South Africa Limited, Toyota Financial Services (South Africa) Limited, Mobile Telephone Networks Holdings Limited, Growthpoint Properties Limited and others.

Representation of International Finance Corporation (member of the World Bank Group) on the inward listing of its Global Medium Term Note Programme on the JSE Limited and the issuance of ZAR1 billion Green Notes listed on the JSE.

Representation of the Government of the Republic of Namibia, acting through the Namibian Minister of Finance (as issuer) and Absa Bank Limited (acting through its Corporate and Investment Banking division) and FirstRand Bank Limited (acting through its Rand Merchant Bank division) (each as arrangers and dealers) on the establishment of its ZAR Medium Term Note Programme and the debut issue Notes listed on the JSE.

Representation of Absa Bank Limited as issuer on the update of its Absa Master Structured Notes Programme (the Programme) for purposes of listing instruments on the Interest Rate Market of the JSE Limited and the registration of the Programme Memorandum with the JSE Limited for purposes of listing instruments on the Main Board of the JSE Limited.

Representation of Absa Bank Limited (acting through its Corporate and Investment Banking division), Vunani Capital Holdings Proprietary Limited, Deutsche Bank AG, Johannesburg Branch, Quartile Capital Proprietary Limited, Infrastructure Finance Corporation Limited, Nedbank Limited, FirstRand Bank Limited, IDG Financial Services Investments Proprietary Limited, Standard Bank of South Africa Limited and Basis Points Capital Proprietary Limited (as Arrangers) on the establishment by the City of Johannesburg of its ZAR13 billion amended and restated Domestic Medium Term Note Programme and the issue of various notes under the Programme (including provision of advice on the applicable provisions of the Municipal Finance Management Act).

Representation of Denel SOC Limited (as issuer) and Nedbank Limited (as dealer) on various Notes issuances by Denel under its Domestic Medium Term Note Programme (including provision of advice on the applicable provisions of the Public Finance Management Act).

Representation of Absa Capital Markets Nigeria Limited as a joint lead issuing house on the establishment by Dangote Cement Plc of its NGN300 billion debt issuance programme and the issue of the debut Series 1 Bond listed on the Nigerian Stock Exchange.

Representation of Absa Bank Limited (acting through its Corporate and Investment Banking division) as a joint global coordinator and joint underwriter for the ZAR3.95 billion rights offer by The Foschini Group.

Representation of Absa Bank Limited (acting through its Corporate and Investment Banking division) as a joint bookrunner for the ZAR4.3 billion raised by Growthpoint Properties Limited via an accelerated bookbuild.

Representation of the International Finance Corporation (IFC), French Development Agency subsidiary Proparco, DEG, the German Development Finance Institution, and the US International Development Finance Corporation (DFC) on an aggregate of €600 million in loans to be advanced to Aspen Finance Proprietary Limited, a member of the global pharmaceutical group, Aspen Pharmacare.