https://www.miningweekly.com
Energy
Energy
energy

Sasol issues $1bn in senior notes

28th April 2023

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

Font size: - +

Energy and chemicals multinational Sasol has announced that its wholly owned subsidiary Sasol Financing USA (the issuer) has priced an offering of $1-billion of dollar-denominated notes due 2029.

The notes will bear interest at a rate of 8.750% a year and will be general unsecured obligations of the issuer and will be fully and unconditionally guaranteed by Sasol.

The order book peaked above $2.3-billion, which represents an oversubscription of more than 2.3 times. The offering is expected to close on May 3, subject to closing conditions, the company said.

The proceeds of the offering will be used for repayment of existing indebtedness and general corporate purposes.

“This successful placement is another important step in proactively managing our balance sheet and maintaining a strong liquidity position. As a result of this transaction, we have now fully pre-funded our March 2024 bond maturity, and this follows the recent extension of our dollar loan maturity to 2028,” said Sasol CFO Hanré Rossouw.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.221 0.266s - 111pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: