DEALS Navigating the international equity-linked markets to facilitate growth Absa | Corporate and Investment Banking > Insights and Events > Navigating the international equity-linked markets to facilitate growth SHARE We are proud to have assisted Sibanye-Stillwater as Joint Global Coordinator and Bookrunner in their successful $500m capital raise through the issuance of a convertible bond in the international markets. Sibanye-Stillwater is a multinational mining and metals processing group with a diverse portfolio of operations, projects and investments across five continents. Sibanye-Stillwater has established itself as one of the world’s largest primary producers of platinum, palladium, and rhodium and is a top tier gold producer. It also produces and refines iridium and ruthenium, nickel, chrome, copper and cobalt. The Group has recently begun to diversify its asset portfolio into battery metals mining and processing and increase its presence in the circular economy by growing its recycling and tailings reprocessing exposure globally. In our role as Joint Global Coordinator and Bookrunner, and the only local bank, we assisted the company in crafting their equity story, navigate the regulatory environment, determine timing and ultimately target investors to generate demand for a book that was multiple times oversubscribed. Proceeds from this transaction will be used for the advancement of the Group's growth strategy, including funding of battery metal expansion as well as for their recently announced acquisition of Reldan, a US based metals recycling company (EV of USD212mn). This landmark transaction reinforces our ability and commitment to support our clients' growth strategies and global initiatives by working with them closely to achieve their desired outcomes. Contact Samira Hassanally for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Empowering Agricultural Trade in Africa This USD 45 million facility supporting Royal Nuts’ subsidiary, Dorado in Côte d’Ivoire, the world’s largest single-roof cashew processing facility, driving economic growth, community upliftment, and global market expansion, will boost its working capital and optimise supply chain efficiency in West Africa. Read more DEALS Accelerating transformative Infrastructure development for long-term impact Our $75 million deal with the Emerging Africa & Asia Infrastructure Fund (EAAIF) is set to accelerate infrastructure development for lasting impact - bridging Africa’s long-term debt gap, and supporting projects that promote infrastructure development, economic growth and renewable energy expansion. Read more DEALS Powering a sustainable future with Ferroglobe At Absa CIB, we believe that financing critical mineral supply is essential for advancing the Just Energy Transition. Our partnership with Ferroglobe supports the expansion of silicon metal production, which is key to semiconductor chips and solar panels, driving economic growth, job creation and Africa’s role in the renewable energy value chain. Read more
