trending Market Intelligence /marketintelligence/en/news-insights/trending/g5tkxuw0yqfdnsr7yteplq2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

South Africa's Redefine Properties plans to amend 5B rand note program

Blog

Real Estate News & Analysis: April Edition

Blog

COVID-19 Impact & Recovery: Investment Banking

Blog

COVID-19 Impact & Recovery: Governments

Blog

COVID-19 Impact & Recovery: Academia


South Africa's Redefine Properties plans to amend 5B rand note program

South Africa's Redefine Properties Ltd. proposed to amend its 2011 memorandum for a 5 billion South African rand domestic medium-term note program into a 20 billion rand program.

Under the amended program, Redefine would, from time to time, be able to issue notes denominated in any currency agreed by the company and relevant dealers. The memorandum was registered with the Johannesburg Stock Exchange.

Rand Merchant Bank and Absa Bank Ltd. are serving as arrangers and dealers for the program, with the The Standard Bank of South Africa Ltd. also acting as a dealer.

As of July 30, US$1 was equivalent to 13.15 South African rand.