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Valterra Platinum Limited issued R2 billion of floating rate notes on 18 May 2026, under its R10 billion Domestic Medium Term Note Programme. The issuance comprises three tranches: R378 million due 18 May 2027, R1.24 billion due 18 May 2027 (also noted as 18 May 2029), and R382 million due 18 May 2031.
| Date | 15 May 2026 |
| Time | 15:03:59 |
| Category | Capital structure |
| ID | 5872E |
Valterra Platinum Limited
(previously Anglo American Platinum Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
JSE Share Code: VAL
LSE Share Code: VALT
JSE Debt Issuer Code: VALI
ISIN: ZAE000013181
Income tax number: 9575104717
("the Company" or "Valterra Platinum")
15 May 2026
ISSUANCE OF R2 BILLION FLOATING RATE NOTES UNDER THE VALTERRA PLATINUM R10 BILLION DOMESTIC MEDIUM TERM NOTE PROGRAMME
Valterra Platinum is pleased to announce that it has successfully concluded an inaugural auction and issuance of floating rate notes ("Notes") to the value of R2 billion under the Company's R10 billion Domestic Medium Term Note Programme, as amended and/or supplemented from time to time.
Sayurie Naidoo, CFO of the Company, said: "The success of our inaugural bond auction marks a defining milestone for Valterra Platinum and reflects investors' confidence in the quality of the Company's assets, the strength of its balance sheet, and our long-term strategy. Through this issuance, we continue to optimise our funding profile while maintaining a disciplined approach to capital allocation".
The Notes will be issued on 18 May 2026 and comprise:
|
INSTRUMENT TYPE |
FLOATING RATE NOTE |
|
Bond Code |
VAL001 |
|
ISIN No. |
ZAG000224981 |
|
Nominal Issued: |
R 378 000 000.00 |
|
Issue Price: |
100% |
|
Coupon |
Compounded Daily ZARONIA plus 72 bps, in accordance with paragraph 33 of the Applicable Pricing Supplement |
|
Interest Determination Date |
The 5th (fifth) Johannesburg Business Day |
|
Coupon Rate Indicator |
Floating |
|
Trade Type |
Price |
|
Maturity Date |
18 May 2027 |
|
Books Close Date |
N/A |
|
Interest Payment Date(s) |
18 August 2026, 18 November 2026, 18 February 2027 and 18 May 2027 |
|
Last Day to Register |
By 17:00 on 17 August 2026, 17 November 2026, 17 February 2027 and 17 May 2027 |
|
Issue Date |
18 May 2026 |
|
Business Day Convention |
Modified Following |
|
Interest Commencement Date |
18 May 2026 |
|
First Interest Payment Date |
18 August 2026 |
|
Additional Information |
Senior Unsecured Floating Rate Notes due 18 May 2027 under its ZAR10,000,000,000 Domestic Medium Term Note Programme |
|
INSTRUMENT TYPE |
FLOATING RATE NOTE |
|
Bond Code |
VAL002 |
|
ISIN No. |
ZAG000225004 |
|
Nominal Issued: |
R 1 240 000 000.00 |
|
Issue Price: |
100% |
|
Coupon |
Compounded Daily ZARONIA plus 100 bps, in accordance with paragraph 33 of the Applicable Pricing Supplement |
|
Interest Determination Date |
The 5th (fifth) Johannesburg Business Day |
|
Coupon Rate Indicator |
Floating |
|
Trade Type |
Price |
|
Maturity Date |
18 May 2027 |
|
Books Close Date |
N/A |
|
Interest Payment Date(s) |
18 August, 18 November, 18 February and 18 May |
|
Last Day to Register |
By 17:00 on 17 August, 17 November, 17 February and 17 May |
|
Issue Date |
18 May 2026 |
|
Business Day Convention |
Modified Following |
|
Interest Commencement Date |
18 May 2026 |
|
First Interest Payment Date |
18 August 2026 |
|
Additional Information |
Senior Unsecured Floating Rate Notes due 18 May 2029 under its ZAR10,000,000,000 Domestic Medium Term Note Programme |
|
INSTRUMENT TYPE |
FLOATING RATE NOTE |
|
Bond Code |
VAL003 |
|
ISIN No. |
ZAG000224999 |
|
Nominal Issued: |
R 382 000 000.00 |
|
Issue Price: |
100% |
|
Coupon |
Compounded Daily ZARONIA plus 104 bps, in accordance with paragraph 33 of the Applicable Pricing Supplement |
|
Interest Determination Date |
The 5th (fifth) Johannesburg Business Day |
|
Coupon Rate Indicator |
Floating |
|
Trade Type |
Price |
|
Maturity Date |
18 May 2031 |
|
Books Close Date |
N/A |
|
Interest Payment Date(s) |
18 August, 18 November, 18 February and 18 May |
|
Last Day to Register |
By 17:00 on 17 August, 17 November, 17 February and 17 May |
|
Issue Date |
18 May 2026 |
|
Business Day Convention |
Modified Following |
|
Interest Commencement Date |
18 May 2026 |
|
First Interest Payment Date |
18 August 2026 |
|
Additional Information |
Senior Unsecured Floating Rate Notes due 18 May 2031 under its ZAR10,000,000,000 Domestic Medium Term Note Programme |
JSE debt sponsor:
The Standard Bank of South Africa Limited
JSE equity sponsor:
Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities
For further information, please contact:
Company Secretary
Fiona Edmundson
Investors:
Leroy Mnguni
Marcela Grochowina
Media:
Cindy Maneveld
ABOUT VALTERRA PLATINUM
Valterra Platinum is one of the world's leading integrated producers of platinum group metals (PGMs) with a primary listing on the Johannesburg Stock Exchange and a secondary listing on the London Stock Exchange. We operate world class, long-life mines and the industry's most efficient processing assets, responsibly mining, smelting, and refining PGMs and associated co-products from operations located in South Africa and Zimbabwe. With integrated marketing hubs in London, Singapore and Shanghai, we deliver tailored solutions for our customers. We continue to integrate sustainability into everything we do, invest in our mining and processing capabilities and advance market development initiatives to grow and commercialise new demand segments. We make a meaningful impact in the communities where we operate and remain committed to delivering consistent and superior returns to shareholders. Guided by our purpose of unearthing value to better our world, we are committed to zero harm, disciplined capital allocation and delivery on our value-accretive strategic priorities.