Northam Places R500 Million of Domestic Medium Term Notes
NORTHAM PLATINUM LIMITED
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 PLACES R500 MILLION OF DOMESTIC MEDIUM TERM NOTES
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
Sole Arranger and Dealer to Northam in respect of the New Notes
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
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