Valterra - issuance of floating rate notes
Valterra successfully issued R2 billion in floating rate notes under its R10 billion Domestic Medium Term Note Programme. The notes, issued on 18 May 2026, include three tranches with maturities of 18 May 2027, 18 May 2029, and 18 May 2031, with nominal amounts of R 378 million, R1.24 billion, and R382 million respectively. The notes are senior unsecured, with interest rates linked to ZARONIA plus margins ranging from 72 to 104 basis points, payable quarterly. The issuance reflects investor confidence in VPLT’s assets and financial stability, and aims to optimise its funding profile.
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