ESKOM HOLDINGS SOC LIMITED - Eskom Liquidity and Funding update.
ECN20 ECN22 ECN24 ECN32 EL037 EL29 EL30 EL31 EL36 EL28 ESFR03 ES23 ES33 ES42 ES26 E170 E173 E174 E175 201905170070A
Eskom Liquidity and Funding update.
ESKOM HOLDINGS SOC LTD
JSE CODE: BIESKM
DATE: 17 MAY 2019
SENS
Eskom liquidity and funding update
Eskom plans to borrow R46 billion during the 2019/20 financial year from various sources.
Borrowing plan FY2019/20
Committed and signed R'm
Development Finance Institutions 22 745
Export Credit Agencies 476
Domestic Bonds/Notes > 1yr 1 027
Total: Committed and signed 24 248
Secured 52%
New funding 21 969
Development Finance Institutions 3 852
Export Credit Agencies 5 089
Structured Products 7 000
Domestic Notes<= 1yr 2 028
Domestic Bonds/Notes > 1yr 4 000
Total 46 217
To date 52% of the borrowing plan has been secured. Eskom has been able to raise R5.2
billion through drawdowns against a portion of committed loans, of which R4 billion was
received from the China Development Bank and the issuance of domestic bonds.
Government also announced R17.6 billion support for Eskom in April 2019.
As at 30 April 2019 Eskom's liquidity position stood at R7.7 billion.
Total carrying value of the unaudited debt of the company as at the end of March 2019 was
R440 billion of which R273 billion nominal value is Government guaranteed.
ENDS
Francois Venter
Tel: +27 11 800 4719
Email: francoisj.venter@eskom.co.za
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