THE SOUTH AFRICAN NATIONAL ROADS AGENCY SOC LTD
3 November 2010
SANRAL RAISES R500 MILLION
The South African National Roads Agency Limited (‘SANRAL’) in its last auction for 2010 raised R500 million under its Domestic Medium Term Note Programme carrying a full guarantee from the Government of the Republic of South Africa, by tapping into its HWAY20, HWAY23 and HWAY34 bonds at spreads wider than at the auction in October.
The next auction will take place in February 2011.
Including the R9,95 billion raised without a guarantee, SANRAL has now raised R20,7 billion of bonds for the expansion and upgrade of toll roads, particularly the Gauteng Freeway Improvement Project (GFIP).
Absa Capital and Rand Merchant Bank are appointed as Joint Lead Arrangers and Market Makers on SANRAL’s JSE listed Domestic Medium Term Note Programme.
Leigh Cunningham Scott
Tel: 011 895 7035
Rand Merchant Bank
Tel: 011 282 8124
Tel: 012 426 6008
Issued by: SANRAL
Contact: Priya Pillay
T: (012) 426 6046