EQS - Eqstra Issues R750 Million Of Domestic Medium Term Notes
EQS
EQS
EQS - Eqstra Issues R750 Million Of Domestic Medium Term Notes
Eqstra Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/011672/06)
Share code: EQS & ISIN: ZAE000117123
("Eqstra")
Eqstra issues R750 million of Domestic Medium Term Notes
Eqstra is pleased to announce that its wholly-owned subsidiary Eqstra
Corporation (Pty) Ltd, has successfully issued R250 million of 1 month notes and
R500 million of 3 month notes under its R8 billion Domestic Medium Term Note
(DMTN) programme, recently listed on the Bond Exchange of South Africa. The
yields are 12.53% and 12.925% respectively.
The funds raised under the DMTN programme replaces existing banking debt at
competitive rates with the aim of achieving a balanced funding structure in
terms of Eqstra`s overall funding policy.
Background note
Eqstra is an integrated leasing and capital equipment group with value-added
services in the passenger and commercial vehicle, industrial equipment and
construction and mining markets in South Africa, Africa and the UK. The group
was unbundled from Imperial Holdings Limited and separately listed on the JSE
Limited on the 12th of May 2008.
Johannesburg
9 July 2008
Sponsor: Merrill Lynch South Africa (Pty) Limited
Date: 09/07/2008 15:53:01 Produced by the JSE SENS Department.
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