https://www.miningweekly.com
Africa|Gold|Mining|Resources
Africa|Gold|Mining|Resources
africa|gold|mining|resources

Pan African issues first R800m of notes under R5bn programme

9th December 2022

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Pan African Resources (PAR) has become the first mining company to issue a sustainability-linked bond in the South African market.

This follows PAR subsidiary PAR Funding’s receiving formal approval from the JSE on its R5-billion Domestic Medium Term Note Programme earlier this week, and a subsequent oversubscribed bookbuild for senior second ranking secured sustainability-linked notes to the value of R800-million, or $46-million, on December 9.

The notes will list on December 13.

PAR CEO Cobus Loots says these instruments further diversify the company’s funding sources, with the proceeds to be used towards the group’s growth pipeline.

PAR, together with its subsidiaries Evander Gold Mining, Barberton Mines, Evander Gold Mines and PAR South Africa Holdings, serve as guarantors to the holders of the notes under the programme.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.095 0.138s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: