South Africa's Sasol mandates three lead managers for roadshow

By Christine Van Dusen

Atlanta, Oct. 24 - South Africa's Sasol Financing International plc has mandated Barclays, HSBC and JPMorgan for an offering of notes that will be marketed during a roadshow, a market source said.

The marketing trip will begin Thursday in London and travel to Los Angeles and New York before concluding on Oct. 30 in Boston.

The Securities and Exchange Commission-registered notes include a make-whole call and a change-of-control put at 101% in the event of both a change of control and a ratings downgrade.

Proceeds will be used for general corporate purposes, including capital expenditures and the development of the company's pipeline, according to a filing with the SEC.

The notes are guaranteed by Sasol Ltd., a Johannesburg, South Africa-based mining, energy and chemical company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.