http://www.maxauto.co.za/CntView.aspx?CatID=26&CntID=1719
The SA National Roads Agency Limited (Sanral) raised an additional R543 million under its domestic medium term note programme, which carries a full government guarantee, by tapping into its HWAY20 and HWAY23 bonds.
In a statement on Wednesday, Sanral said this was its sixth bond auction for 2010.
Including the R9,95 billion raised without a guarantee, Sanral had now raised R18.2bn of bonds for the expansion and upgrade of toll roads, particularly the Gauteng Freeway Improvement Project.
"Construction on the roads will resume from July 12 2010 and is expected to be completed in October 2010," Sanral said.
Absa Capital and Rand Merchant Bank were appointed as joint lead arrangers and market makers on Sanral's JSE-listed domestic medium term note programme.
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