Raj Nana
Attacq
CFO
Says Raj Nana Attacq CFO, “We are pleased to announce the successful completion of our inaugural bond issuance under a R5 billion Domestic Medium-Term Note (DMTN) Programme. Nedbank Corporate and Investment Banking (Nedbank CIB) arranged the issuance on our behalf. This significant milestone marks Attacq’s strategic entry into the local debt capital markets, aimed at diversifying funding sources, reducing cost of funding, and extending debt maturities.”
The bond auction attracted robust investor interest, resulting in an order book which was oversubscribed by 5.27x. Competitive pricing was achieved for both three-year and five-year floating rate notes, reflecting strong market confidence in Attacq’s creditworthiness and growth prospects. The successful issuance enhances our financial flexibility and lays the foundation for becoming a regular issuer in the debt capital markets.
Attacq holds solid national scale ratings of A+(za) long-term and A1(za) short-term from GCR Ratings, assigned in August 2024 with a Stable outlook. These ratings underscore the company’s strong credit metrics and liquidity position.