Book size: 2200; Registration: SEC Registered;

AngloGold Ashanti Holdings plc (ANGSJ) exp Baa3/BB+/BBB- US$750m SEC registered 7y sr unsec guaranteed notes due 11/1/28. MWC then 2mos par call. BofA/Barc/BNP/JPM (B&D) as JLMs/JBRs. Passive: ANZ/BMO/CIBC/Citi/DB/GS/RBC/Scotia/SCB/Westpac. Gtd by AngloGold Ashanti Ltd, rated Baa3/BB+/BBB- (n/p/s). List NYSE. New York Law. UOP: AngloGold announced an offer to purchase any and all of its outstanding US$750m 5.125% notes due 2022. Marketing: www.netroadshow.com; passcode: AGA2021 (not case-sensitive). Pricing 10/19. Settle 10/22 (T+3). IPTs: T+225 area. AngloGold Ashanti Limited (“AngloGold”), one of the world’s top five gold producers with a geographically diversified asset base across Africa, Australia and the Americas, rated Baa3 by Moody’s (negative outlook), BB+ by S&P (positive outlook) and BBB- by Fitch (stable outlook), has mandated BofA Securities, Barclays, BNP Paribas and J.P. Morgan (B&D) as Joint Lead Managers and Bookrunners and Australia and New Zealand Banking Group Limited, BMO Capital Markets, CIBC Capital Markets, Citigroup, Deutsche Bank, Goldman Sachs International, RBC Capital Markets, Scotiabank, Standard Chartered Bank and Westpac Banking Corporation as Joint Passive Bookrunners to arrange a global investor call at 11:00am UKT along with a series of fixed-income investor calls commencing on Monday, 18 October 2021. An SEC-registered senior unsecured US$-denominated fixed rate benchmark bond offering with a 7-year maturity is expected to follow (the “Offering”), subject to market conditions. In conjunction, AngloGold has announced an offer to purchase any and all of its outstanding US$750,000,000 5.125 per cent notes due 2022 (ISIN: US03512TAC53; CUSIP: 03512TAC5) (the “2022 Notes”) subject to the successful completion of an offering of debt securities in an aggregate principal amount of at least U.S.$750,000,000 (the “Financing Condition”) and certain other conditions described in the Offer to Purchase dated 18 October 2021 (the “Tender Offer”). BofA Securities, Barclays, BNP Paribas and J.P. Morgan are appointed as Joint Dealer Managers of the Tender Offer. In addition, subject to the satisfaction of the Financing Condition, it is expected that any 2022 Notes not purchased in the Tender Offer will be subsequently redeemed pursuant to their make-whole redemption feature. For further information, holders of the 2022 Notes should (subject to offer and distribution restrictions) refer to the Offer to Purchase.

[ANGLOGOLD ASHANTI]

AngloGold Ashanti Holdings plc "ANGSJ" (Baa3/BB+/BBB-) hit the market today with $750m SEC registered 7y sr unsec guaranteed notes due 11/1/28. MWC then 2mos par call. Gtd by AngloGold Ashanti Ltd, rated Baa3/BB+/BBB- (n/p/s). List NYSE. New York Law. UOP: AngloGold announced an offer to purchase any and all of its outstanding US$750m 5.125% notes due 2022. Settle 10/22 (T+3).

Marketing: www.netroadshow.com; passcode: AGA2021 (not case-sensitive).

VIA BofA/Barc/BNP/JPM (B&D) as JLMs/JBRs.
Passive: ANZ/BMO/CIBC/Citi/DB/GS/RBC/Scotia/SCB/Westpac.

Having held calls on Mon 10/18, the deal was announced overnight with benchmark size and IPT at T+225a.

Guidance came in at T+210a.

Ultimately, a $750m deal priced at T+195bp (no range on guidance – but likely +/- 12.5bp max – so priced inside guidance).

PRICED: $750m 3.375% 11/1/28 99.788 3.409% T+195

As for r/v, outstanding ANGSJ was quoted as follows:

ANGSJ 3.750% due 10/01/30 T+189 (G195; $101.97) - $700m pxd Sept 2020

We heard the deal started 40bp back at IPT. Calling a new 10yr T+205a, a 20bp 7s/10s curve puts f/v at T+185bp. At the T+195bp pricing level, CONCESSION IS 10BP.

Final book size was heard as $2.2bn