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
Share

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

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.