DEALS

Enabling business that
invests in the future

Harmony Gold Mining Deal

Absa Corporate and Investment Banking (Absa CIB) and emerging market mining specialist, Harmony Gold Mining Company Limited (Harmony), have finalised a new syndicated, multi-tranche, multi-currency, sustainability-linked and green use of proceeds term debt package (the “New Syndicated Facilities”). This is a landmark and market leading transaction. Not only is it one of the largest completely sustainability-linked debt packages on the African continent, it is also the largest in the sector over the last 12 months.

In a transaction valued at approximately R10.40bn, Absa CIB were mandated by Harmony as Joint Global Co-ordinator, Bookrunner, Sustainability Co-ordinator, Mandated Lead Arranger, Facility Agent and Sustainability Agent on the New Syndicated Facilities.

The New Syndicated Facilities comprised:

  • A green use of proceeds R1.50bn term loan
  • A sustainability linked $100mn term loan
  • A sustainability linked R2.50bn revolving credit facility
  • A sustainability linked $300mn revolving credit facility

Meet the team

Unlocking your potential with insight and sustainable solutions.

tawandamadondo

Tawanda Madondo

andrewsprenger

Andrew Sprenger

heidibarends

Heidi Barends

Absa Awards

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