Media release: Northam places R500 million of domestic medium term notes
- 09 Sep 2019
Northam is pleased to announce that it has completed a private placement of domestic medium term notes (“Notes”) to the value of R500 million (“New Notes”) under Northam’s R5 billion Domestic Medium Term Note Programme (“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 3 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
Corporate Advisor, Sponsor and Debt Sponsor to Northam
Sole Arranger and Dealer to Northam in respect of the Notes
Legal Advisors to Northam, the Arranger and the Dealer in respect of the Notes
Bowman Gilfillan Inc.