Nedbank Capital: R362m Delta bond placed

Comment on this story

Nedbank Capital had been appointed sole lead arranger and dealer to raise R362 million for listed Delta Property Fund in its inaugural secured bond, the bank said yesterday. Bruce Stewart, the head of structured products and debt origination at Nedbank Capital, said the three-year senior secured bond was issued under Delta’s new R2 billion domestic medium-term note programme. “The bond was privately placed at a spread of 150 basis points over the three-month Johannesburg interbank agreed rate and the finance raised at an all-in-cost to Delta of less than 7 percent.” – Roy Cokayne

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines