Commentary & Deal Flow

Transnet SOC Ltd (“Transnet”), the Republic of South Africa-owned operator, owner and custodian of a major portion of the Republic of South Africa’s transport infrastructure, specifically railway, ports and pipelines, rated Ba3 (negative) by Moody’s and BB- (negative) by S&P, has mandated Absa, J.P. Morgan and Standard Bank as Joint Bookrunners to organise a Global Investor Call along with a series of fixed income investor meetings commencing on Thursday 26th January 2023.  A benchmark 5Y USD-denominated Reg S/144A senior unsecured notes offering, under Transnet’s US$6bn Global Medium Term Note Programme, will follow subject to market conditions.