By Angela McDaniels
Tacoma, Wash., Oct. 6 - DRDGold Ltd. subsidiary DRDGold South African Operations (Pty.) Ltd. issued ZAR 108 million of notes under its new ZAR 500 million domestic medium-term note program, according to a company news release.
The notes issued mature 12 and 24 months after the date of issue and bear interest at the three-month Johannesburg Inter-bank Acceptance Rate plus 400 basis points to 500 bps.
The proceeds from this first issue will be applied toward the capital requirements of the Crown/Ergo pipeline project.
Johannesburg, South Africa-based DRDGold is a gold mining company.
| Issuer: | DRDGold South African Operations (Pty.) Ltd.
|
| Issue: | Floating-rate domestic medium-term notes
|
| Amount: | ZAR 108 million
|
| Tenors: | 12 to 24 months
|
| Coupons: | Jibar plus 400 bps to 500 bps
|
| Price: | Par
|
| Announcement date: | Oct. 6
|
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