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IN BRIEF: Pan African Resources to issue ZAR840 million in green bonds

21st Oct 2024 11:18

Pan African Resources PLC - Rosebank-headquartered gold producer - Says it will issue sustainability-linked bonds valued at ZAR840 million on Tuesday, following an oversubscribed bookbuild. The senior second ranking bonds have a floating interest rate a 305 basis point over the reference rate, the ZAR-JIBAR.

Current stock price in Johannesburg: ZAR8.57, up 0.4% on Monday morning

12-month change: more than double from ZAR3.59

Current stock price in London: 37.40 pence, down 0.7%

12-month change: more than double from 15.88p

By Artwell Dlamini, Alliance News reporter

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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