SENS: Northam places R500 million of domestic medium term notes
- 09 Sep 2019
Johannesburg, Monday 09 September 2019. Northam is pleased to advise that it has completed a private placement of domestic medium term notes to the value of R500 million under Northam’s R5 billion Domestic Medium Term Note Programme. The New Notes will be issued today on the Interest Rate Market of the JSE Limited and will mature over one year from the date of issue. The New Notes will attract a floating rate coupon of 2.40% per annum above a three-month ZAR-JIBAR and interest will be payable quarterly.
Following the placement of the New Notes, the total notional value of Notes in issue under the Programme will amount to R2,325 billion.
9 September 2019
Issued by R&A Strategic Communications, Johannesburg, Tel +27 (0)11 880 3924;
Marion Brower +27 71 493 0387
Edith Leeson +27 79 527 6882