Anglo SA issues R1bn corporate bond
May 12 2010 13:36
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Company Data
| Last traded: |
R273.80 |
| Change(%): |
-0.10 |
| Cumulative volume: |
881,861 |
| Market cap: |
R368.07bn |
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Johannesburg - Anglo American SA Finance on Tuesday issued a R1bn senior five year bond, Anglo American (AGL) said on Wednesday.
The bond was issued off its R20bn Domestic Medium Term Note Programme, carrying a full guarantee from Anglo American Plc, and was listed on the JSE Bond Exchange.
There was strong support from investors with bids received during the auction totalling around R3bn.
R1bn of corporate bonds were allocated at a credit margin of 1.73% above the benchmark government bond - tighter than the price guidance provided to investors ahead of the auction.
Rand Merchant Bank and Standard Bank were appointed as Joint Lead Managers on this issuance.
- I-Net Bridge
