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 progress for a cleaner energy future We are proud to partner with Mulilo and Air Products South Africa on a transformative 75MWAC solar PV power plant in the Northern Cape. The Ukuqala Project marks a significant step in advancing South Africa’s renewable energy transition and securing a low-carbon future. Read more DEALS Driving purposeful partnerships to advance retail growth in Africa At Absa CIB, we’re committed to building partnerships that create lasting value for both businesses and communities. Our collaboration with Garden City Mall in Nairobi, Kenya, highlights this commitment as we help drive sustainable growth and economic opportunity in one of East Africa’s largest retail developments through a USD 37,3 million commercial property financing transaction. Read more DEALS Driving a greener energy value chain We are pleased to share that Absa has successfully acted as Co-Mandated Lead Arranger, Facility Agent and Hedge Provider alongside Nedbank for Pele Green Energy’s Sonvanger 100MW solar PV power project. This R2.2 billion project is a landmark transaction for Pele Green Energy, positioning them as a leading developer in South Africa’s renewable energy sector. Read more
