To view the PDF file, sign up for a MySharenet subscription.

NORTHAM PLATINUM LIMITED - Northam Places R500 Million of Domestic Medium Term Notes

Release Date: 13/12/2019 12:15
Wrap Text
Northam Places R500 Million of Domestic Medium Term Notes

Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM ISIN: ZAE000030912
Debt issuer code: NHMI
Bond code: NHM002       Bond ISIN: ZAG000129024
Bond code: NHM006       Bond ISIN: ZAG000158577
Bond code: NHM007       Bond ISIN: ZAG000158593
Bond code: NHM008       Bond ISIN: ZAG000158858
Bond code: NHM009       Bond ISIN: ZAG000158866
Bond code: NHM010       Bond ISIN: ZAG000159229
Bond code: NHM011       Bond ISIN: ZAG000159237
Bond code: NHM012       Bond ISIN: ZAG000160136
Bond code: NHM013       Bond ISIN: ZAG000162181
Bond code: NHM014       Bond ISIN: ZAG000163650
Bond code: NHM015       Bond ISIN: ZAG000164922


Northam is pleased to announce that it has completed a private placement of senior, unsecured, floating rate
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 have been issued to the Industrial
Development Corporation of South Africa Limited (“IDC”) today and listed on the Interest Rate Market of the JSE
Limited. The New Notes will mature five years from the date of issue and will attract a floating rate coupon of
3.30% per annum above a 3 month ZAR-JIBAR, with interest payable quarterly.

Proceeds from the New Notes will be applied by Northam towards the recommissioning and development of
Northam’s Eland mine, consequently creating new employment opportunities in the region.

Following the placement of the New Notes, the total nominal value of Notes in issue under the Programme will
amount to R4.175 billion.

Paul Dunne, Northam’s chief executive, said: “Northam is delighted to have the IDC as a long-term funding
partner in the development of its Eland mine and values the IDC’s commitment to job creation in the PGM sector.
The IDC funding will contribute towards Eland mine capital expenditure and the 5 year commitment provides
Northam with significant long-term funding certainty.”

13 December 2019

Corporate Advisor, Sponsor and Debt Sponsor to Northam
One Capital

Sole Arranger and Dealer to Northam in respect of the New Notes
One Capital

Legal Advisors to Northam, the Arranger and the Dealer in respect of the New Notes
Bowman Gilfillan Inc.

Date: 13-12-2019 12:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story