Transnet SOC Ltd (SAFTRA) exp Ba3/BB- US$1bn 144A/Reg 5y sr unsecured notes due 2/6/28 (under Transnet’s US$6bn Global Medium Term Note Programme). 100 CoC. Absa/JPM (B&D)/Standard Bank joint books. List London. English Law. ICBC Standard Bank is acting as International Distribution agent of Standard Bank. UOP: Fund repayment of all/part of bridge-to-bond facility dated 25 July 2022 between Transnet and the Joint Lead Managers; fund Capital Investment Plan; and/or be used for general corporate purposes. Pricing 1/30. Settle 2/6.
IPTs: 8.625% area.FINAL GUIDANCE: 8.25-8.375%.LAUNCHED: $1bn 5y at 8.25%.
PRICED: $1bn 8.25% 2/6/28 100.00 8.25%.