ESKOM HOLDINGS SOC LIMITED - Eskom Liquidity and Funding update.

Eskom Liquidity and Funding update.

ESKOM HOLDINGS SOC LTD
JSE CODE: BIESKM
DATE: 17 MAY 2019

SENS




Eskom liquidity and funding update

Eskom plans to borrow R46 billion during the 2019/20 financial year from various sources.

 Borrowing plan FY2019/20
 Committed and signed                           R’m
  Development Finance Institutions            22 745
  Export Credit Agencies                         476
  Domestic Bonds/Notes > 1yr                   1 027
 Total: Committed and signed                  24 248
 Secured                                         52%
 New funding                                  21 969
   Development Finance Institutions            3 852
   Export Credit Agencies                      5 089
   Structured Products                         7 000
   Domestic Notes<= 1yr                        2 028
   Domestic Bonds/Notes > 1yr                  4 000
 Total                                        46 217
To date 52% of the borrowing plan has been secured. Eskom has been able to raise R5.2
billion through drawdowns against a portion of committed loans, of which R4 billion was
received from the China Development Bank and the issuance of domestic bonds.
Government also announced R17.6 billion support for Eskom in April 2019.

As at 30 April 2019 Eskom’s liquidity position stood at R7.7 billion.

Total carrying value of the unaudited debt of the company as at the end of March 2019 was
R440 billion of which R273 billion nominal value is Government guaranteed.


ENDS
Francois Venter
Tel: +27 11 800 4719
Email: francoisj.venter@eskom.co.za

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