South Africa’s Sasol sets up ZAR 8 billion medium-term note program

By Susanna Moon

Chicago, Feb. 5 – South Africa’s Sasol Ltd. said it set up a ZAR 8 billion domestic medium-term note program through Sasol Financing.

The arranger is Standard Bank of South Africa Ltd.

The notes program was established as part of the company’s “ongoing proactive management of its South African debt portfolio,” according to a company announcement.

Sasol said it has “no immediate plans” to issue notes under the program.

The program was approved on Dec. 28 by the Interest Rate Market of the JSE Ltd., the release noted.

Sasol is a Johannesburg-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.