Convertibles Calendar: Impala plans dual offering

On The Horizon

IMPALA PLATINUM HOLDINGS LTD.:

• Up to $300 million of convertible unsecured notes due 2022 and up to ZAR 2.6 billion of convertible unsecured notes due 2022

• Price talk 2.875% to 3.625% (dollar deal) and 6% to 6.75% (rand deal), up 30% to 35%

• Deutsche Bank, Morgan Stanley & Co. LLC and Rand Merchant Bank (dealer managers)

• Contingently convertible after four years and 21 days from issuance

• Proceeds from the sale will be used to refinance the company’s 2018 convertible bonds, which include $200 million of 1% convertible notes coming due Feb. 21 and ZAR 2.672 billion of 5% convertible bonds coming due Feb. 21.

• South Africa-based mining company

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