Finance: SANRAL Raises R1 500 Million
Recent Gauteng Business News
Overall bids received during the auction totalled R2,344 billion. R1,5 billion of bonds were allocated at market spreads of 0,80% over the RSA Government benchmarks.
Including the R9,95 billion raised without a guarantee, SANRAL has now raised R11,45 billion of funding for the expansion and upgrade of toll roads, particularly the Gauteng Freeway Improvement Project which is planned to be completed by late 2010. It has also recently concluded a loan from the European Investment Bank which will also be used towards funding the project.
Absa Capital and Rand Merchant Bank are appointed as Joint Lead Arrangers on SANRAL's BESA listed Domestic Medium Term Note Programme.
Business News Sector Tags: Finance|