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 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 DEALS Propelling South Africa’s Just Energy Transition Our landmark project financing contribution towards an R8.8 billion transaction with Red Rocket South Africa (Pty) Ltd reinforces our position as a market leader in renewable energy financing. Read more DEALS Building a more robust green energy landscape South Africa’s green energy sector is poised for significant transformation, with vast untapped investment potential. Our R1.45 billion deal with G7 Renewable Energies and Cennergi Holdings marks a monumental sustainability partnership, highlighting the critical role of finance as a catalyst for advancing renewable energy projects. Read more
