08 April 2009 - Absa Capital raises R568m for Gold Fields Limited  



Absa Capital raises R568m for Gold Fields Limited

Absa Capital, the investment banking division of Absa Bank Ltd, announced today that it had raised R568m on behalf of Gold Fields Limited (Gold Fields) in the inaugural issuance under Gold Fields’ BESA listed R10bn Domestic Medium Term Note Programme (dated 6 April 2009).

Absa Capital, as sole lead arranger and bookrunner on this inaugural issaunce, placed an aggregate of R568m in the local debt capital market through a tranched issuance of commercial paper notes with three month and six month maturities respectively.

Jacques Els, head of Debt Capital Markets at Absa Capital said there was strong demand for the paper, as evidenced by the overall book being subscribed to the extent of 115%. This bears testimony to Gold Fields’ strong credit quality and investor’s continued demand at the short end of the curve.

“We are delighted to have raised these funds on behalf of a blue chip client, like Gold Fields, in these challenging market conditions,” said Els.


About Absa Capital
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.

About Absa Capital Debt Capital Markets (DCM)
Absa Capital’s Debt Capital Markets division (DCM) provides large corporates, banks, state-owned entities in Governments across South Africa and sub-Saharan Africa with sophisticated debt capital market funding solutions. These include bonds, commercial paper, asset backed securitisation and hybrid debt, including convertible bond and preference share funding.

In 2008, Absa Capital concluded a number of major DCM deals, further entrenching its position as a key market participant in all aspects of DCM finance. Absa Capital excelled at the Bond Exchange of South Africa (BESA) Spire Awards 2008, receiving awards for Best Primary Markets House, Best Bond Sales Team and Best Credit Analyst.

Issued by:
FD Beachhead
Kate Kelly
+27 11 214 2407
+27 79 637 4663

For further information contact:
Graeme Coetzee
Associate Principal
Marketing and Corporate Communications
Absa Capital
+27 11 895 6695
+27 79 695 9798

This document is not for distribution, directly or indirectly, in or into the United States. This document does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein (the “Securities”) have not been, and will not be, registered under the United States Securities Act of 1933 (the “Securities Act”). The Securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offer of the Securities in the United States

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