Harmony Gold Mining Company Limited - Partial Repurchase Of Har1 Bond Issue
HARMONY GOLD MINING COMPANY LIMITED
Incorporated in 1950
Registration number 1950/038232/06
Share code: HAR
ISIN: ZAE000015228
PARTIAL REPURCHASE OF HAR1 BOND ISSUE
Harmony Gold Mining Company Limited (NYSE: HMY JSE: HAR) today announced that it
had completed the partial re-purchase of its HAR1 corporate bond. A total of
R281,685,169 of the bond`s face value has been repurchased at a cost of some
R294,619,194. The re-purchase was done at a spread of 195 bps above the
benchmark government issue (R152). This represents 23.5% of the total issue due
for redemption in June 2006 compared to an allocated maximum amount for the
repurchase of 25% of the total issue. The bond has a semi-annual coupon of 13%
and was launched in 2001.
The results of the book-build are as follows:
Notional amount of total offers accepted R 281,685,169
Re-purchase consideration R 294,619,194
Re-purchase spread 195 bps over R152
Re-purchase yield 8.81%
Re-purchase price 104.59166
Statistics on the book:
Percentage of HAR1 outstanding notional re-purchased 23.5%
Weighted average spread of all offers received 184.5 bps over R152
Deutsche Bank managed the repurchase.
6 July 2005
Sponsor: Merrill Lynch
Date: 06/07/2005 01:45:03 PM
Produced by the JSE SENS Department
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