Absa Capital today announced that it has lead arranged and placed R840m Airports Company of South Africa Limited (ACSA) commercial paper with local institutional investors.
The zero coupon, one month notes were issued at a discount of 11.30% and will mature on the 21st January 2008.
The notes were listed on the Bond Exchange of South Africa and issued under ACSA’s R12bn medium term note programme as part of the entity’s ongoing funding requirement.
Note to the editor:
Absa Capital, a division of Absa Bank Limited (Absa) and affiliated to Barclays Capital, is a leading South African investment bank with global reach, offering clients financing, risk management and advisory solutions in a wide range of currencies and structures across the globe.