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Send  Share  RSS  Twitter  15 May 2009

Finance: SANRAL Raises a Further R500 Million

 





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Overall bids received during the auction totalled R1,28 billion. The
nominal bonds were placed at market spreads of 1.7 to 1.8% over the RSA Government benchmarks which was 5 to 10 basis points tighter than where the bonds were marked.

SANRAL has now raised R9,95 billion of funding for the expansion and upgrade of toll roads, particularly the Gauteng Freeway improvement Projectwhich is planned to be completed by late 2010.


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

 
 
 
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