Momentum Group announces R 1.5 billion unsecured subordinated note offering
Bitget2026/11/03 08:34- Momentum Metropolitan Life to issue R 1.5 billion in unsecured subordinated notes guaranteed by Momentum Group.
- The notes will be issued November 5, 2026, at 100% of nominal value following JSE listing approval.
- R 300 million in floating rate notes mature May 5, 2032, paying compounded daily ZARONIA with a 100-basis-point margin.
- A R 850 million fixed rate notes tranche carries an 8.82% coupon and matures May 5, 2032.
- A further R 350 million in fixed rate notes carry a 9.03% coupon and mature November 5, 2033.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barrick’s Marquee gold project faces hazy study timing
Japanese and South Korean stock markets open
Marvell Technology (MRVL.US) $115 billion "merger of the century" faces lukewarm reception! Stock has dropped over 40%, experts estimate only a 50% chance of completion
Marvell plans to acquire Lamington for 115 billions USD to strengthen its position in AI, but the probability of completion is only 50%. The two stocks have dropped by nearly 40% and about 35% respectively, with Chinese regulatory approval being the biggest uncertainty.
Crypto prices
More
