South Africa

One (1) Financial Institution currently invests or makes available an estimated USD$ 6.20 million in nuclear weapons companies.

FirstRand Bank

FirstRand Bank currently has an estimated USD$ 6.20 million invested or available for the nuclear weapons producers identified in this report.

Investment banking

In October 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 1,000 million (US$ 18.6 million). The issue was split in two tranches: a INR 500 million(US$ 9.3 million) 9.410% tranche due April 2014 and a INR 500 million(US$ 9.3 million) 9.480% tranche due October 2014. The proceeds were used for general corporate purposes. FirstRand Bank participated in the three bank syndicate,underwriting an estimated amount of US$ 6.2 million.1



  1. Thomson ONE Banker, “Tearsheet 2465426101 and 2465427101”, Thomson ONE Banker (, 19 October 2012. 

This page contains country specific information from the 2013 Don’t Bank on the Bomb report. It identifies which financial institutions have significant financing relationships with one or more of the 27 nuclear weapons producers.

The financial institutions identified include banks, pension funds, sovereign wealth funds, insurance companies and asset managers. They have provided various types of financial services to nuclear weapon companies. The most important are loans, investment banking and asset management.

All sources of financing provided since 1 January 2010 to the companies listed were analysed from annual reports, financial databases and other sources. The financial institutions which are most significantly involved in the financing of one or more nuclear weapon companies are shown here. See the full report for both a summary and full description of all financial institutions which are found to have the most significant financing relationships with one or more of the selected nuclear weapon companies, by means of participating in bank loans, by underwriting share or bond issues and/or by share- or bondholdings (above a threshold of 0.5% of all outstanding shares or bonds).