Pan African Resources sets up ZAR 5 billion domestic medium-term note program

Chicago, Dec. 6 – Pan African Resources plc established a ZAR 5 billion domestic medium-term note program as guarantor, according to a related document.

Pan African Resources Funding Co. Ltd. will be the issuer.

The program allows for senior notes and subordinated notes.

Rand Merchant Bank is listed as the arranger and dealer.

The debt sponsor is Questco Corporate Advisory (Pty) Ltd.

TMF Corporate Services South Africa Proprietary Ltd. is listed as the noteholder trustee.

Proceeds will be used for general corporate purposes.

Pan African is a gold exploration company with headquarters in South Africa.

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