What you need to know about South Africa’s Northam Platinum raising $118 million with medium term note placement

PUBLISHED: Tue, 16 Apr 2019 12:37:33 GMT

JOHANNESBURG (Reuters) – South Africa’s Northam Platinum said on Tuesday it had placed a 1.65 billion rand ($118 million) domestic medium term note and would use initial proceeds to repay other notes in issue.

The miner said the private placement of the notes fell under its 2 billion rand domestic medium term note programme and the paper has one- two- and three-year maturities.

($1 = 14.0200 rand)

Reporting by Tanisha Heiberg; Editing by Kirsten Donovan

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