• Change of culture needed

    The right leadership will help SA shed its culture of violence, says Mandi Smallhorne.

  • 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

Loading...
See More

Sanral raises R406m

May 05 2010 17:36

Related Articles

Sanral gets R12bn guarantee

Sanral raises R500m

Sanral raises R1bn

Sanral starts 2010 with R1bn

Rail failures destroy SA roads

R750bn transport plan pitched

 
Johannesburg - The South African National Roads Agency Limited (Sanral) has raised R406m by tapping into its HWAY20, HWAY23 and HWAY34 bonds in its fourth auction for 2010, it said on Wednesday.

"There has been continued strong support from investors with bids received during the auction totalling R721m.

"R406m of bonds were allocated at market spreads tighter than previous issues," Sanral added.

Sanral has now raised R17.3bn of funding in total for the expansion and upgrade of toll roads, particularly the Gauteng Freeway Improvement Project which was on schedule for the 2010 FIFA World Cup, it said.

Absa Capital and Rand Merchant Bank were appointed as Joint Lead Arrangers and Market Makers on Sanral's JSE listed Domestic Medium Term Note Programme.


  - Sapa
sanral  |  bonds

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

10 of the most expensive things that will leave your jaw hanging!
Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...