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South Africa’s Sasol plans dollar-denominated notes in two series
By Rebecca Melvin
New York, Sept. 10 – Sasol Financing USA LLC, a subsidiary of South Africa’s Sasol Ltd., plans to price U.S. dollar-denominated notes in two tranches, according to a Securities and Exchange Commission filing.
BofA Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities plc are joint bookrunners for the SEC-registered deal.
Sasol Ltd. will guarantee the notes.
The proceeds of the notes will be used to partially repay a $4 billion LCCP project asset finance facility maturing Dec. 25, 2021.
The notes are callable at par, and the issuer plans to list the notes on the New York Stock Exchange.
Sasol is a Johannesburg-based mining, energy and chemical company.
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