|
IPL
IPL
IPL - Imperial Holdings Limited - Media Release
Imperial Holdings Limited
Registration number: 1946/021048/06
Share code: IPL
ISIN: ZAE000067211
("Imperial Group"
MEDIA RELEASE
Imperial Group raises R2 billion in corporate bond issue
Imperial Group today (22nd September) raised R2 billion in its largest single
corporate bond issuance in the South African debt capital markets. The issue
proceeds will be used to further improve liquidity for the group and to provide
for the refinancing of IPL3, a R1 billion bond which matures at the end of
November.
The issuance was split between a five-year floating rate bond and a seven- year
fixed rate bond.
The five-year R500 million bond (IPL5) maturing on 28 September 2015 pays
interest at 3 month JIBAR plus 1,98%.
The seven-year R1.5 billion bond (IPL6) maturing on 28 September 2017 yields an
interest rate of 2,1% above the R203 or 9,78% nacs.
ABSA Capital and Rand Merchant Bank co-arranged this issuance.
end
Contact:
Imperial Holdings Limited
Willem Reitsma
Tel: 011 372 6516
Cell: 082 900 0119
Email: wreitsma@ih.co.za
Mohammed Akoojee
Tel: 011 372 6593
Cell: 082 770 8123
Email: makoojee@ih.co.za
ABSA Capital
Prasanna Nana
Tel: 011 895 7027
Cell: 082 890 2721
Email: prasanna.nana@absacapital.com
Rand Merchant Bank
Barry Martin
Tel: 011 282 8118
Cell: 082 376 6921
Email: barry.martin@rmb.co.za
Date: 22/09/2010 16:13:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
