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Pan African Resources PLC - Rosebank-headquartered gold producer - Says its green bond will be listed in South Africa on Tuesday next week. The listing follows an oversubscribed bookbuild for the secured sustainability-linked bond on Thursday. The gold miner will issue bonds to the value of R 800 million. This is part of its R 5-billion domestic medium-term note programme.
‘We are delighted to be the first mining company to issue a sustainability-linked bond in the South African market. These instruments will further diversify our funding sources, with the proceeds of the issuance applied towards Pan African’s attractive growth project pipeline,’ says Pan African Resources Chief Executive Cobus Loots.
Current stock price in Johannesburg: R 3.63, up 1.7% on Friday
12-month change: up 6.8%
London current stock price: 17.30 pence, up 0.2%
12-month change: up 8.1%
By Artwell Dlamini, Alliance News reporter
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