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Send  Share  RSS  Twitter  18 Aug 2010

FINANCE: SANRAL Raises R376 Million

 





Recent Gauteng Business News

The South African National Roads Agency Limited (SANRAL), in its seventh auction for 2010, raised R376 million under its Domestic Medium Term Note Programme carrying a full guarantee from the Government of the Republic of South Africa, by tapping into its HWAY20, HWAY23 and HWAY34 bonds at the mark to market spreads.

Including the R9,95 billion raised without a guarantee, SANRAL has now raised R18.6 billion of bonds for the expansion and upgrade of toll roads, particularly the Gauteng Freeway Improvement Project.

Absa Capital and Rand Merchant Bank are appointed as Joint Lead Arrangers and Market Makers on SANRAL’s JSE listed Domestic Medium Term Note Programme.


 
 
 
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