INVESTMENT BANKING | EQUITY CAPITAL FUND | 19 JANUARY 2021 The Foschini Group (TFG) – ZAR 3.95 billion Rights Offer Absa | Corporate and Investment Banking > Insights and Events > The Foschini Group – ZAR 3.95 billion Rights Offer SHARE The Foschini Group (TFG) – ZAR 3.95 billion Rights Offer TFG is a JSE listed fashion retailer with more than 4,500 outlets and over 34,000 employees in 32 countries across five continents. In August 2020, TFG raised ZAR 3.95 billion via a fully underwritten renounceable rights offer as a COVID-19 prudent measure to reduce indebtedness and provide capacity for its growth strategy. During the successful rights offer, TFG announced its acquisition of the JET business from Edcon proving TFG with a strategically important expansion into the value segment of the South African retail apparel market which along with the well timed rights offer was well received by investors. Absa acted as joint global coordinator and joint underwriter for the ZAR 3.95 billion rights offer Contact: Samira Hassanally, Head of Equity Capital Markets to find out more. https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles EVENT The Pan-African bank that drives innovative solutions Absa will participate in and sponsor the 2nd CII Summit on Innovative Financing Partnership with Africa on 24 – 25 November 2021. DEALS Creating sustainable economies through impactful development We are proud to have been part of the R1.056 billion infrastructural development investment, commercial property financing of the Sibaya Coastal Precinct in KwaZulu-Natal. EVENTS Macro Conference 2021 We are proud to bring you the fifth edition of our annual Macro Conference, designed to challenge and inspire your thinking. With this conference, we aim to help clients “take a step back” from day-to-day information and focus on the bigger strategic picture as influenced by developments in the macro-environment. EVENTS Absa Cape Epic That time of the year has come. It’s time for The Absa Cape Epic and your opportunity to explore and traverse the exquisite Western Cape from the best seat in the house; the back of a bike. This year’s race promises a fusion of rugged, scenic and unchartered territories. Over 600 kilometres of cycling, only the brave and passionate will cross the finish line.