Chamwe Kaira
Anglo American plc has announced a major move in the debt capital markets, with its financing arm, Anglo American Capital plc, successfully pricing a multi-tranche bond issuance valued at a total of US$2.3 billion.
The offering consists of three sets of senior notes with varying maturities and interest rates. These include US$600 million in notes due in 2031 carrying a 4.625% coupon, US$700 million in notes due in 2033 at 5.0%, and a further US$1 billion in notes due in 2036 with a 5.25% coupon. The issuance is expected to be finalised this week.
The proceeds from the bond sale will be directed towards general corporate purposes, providing the group with additional financial flexibility as it continues to manage its global operations and strategic priorities.
Once issued, the notes are expected to be listed and traded on the International Securities Market of the London Stock Exchange, reinforcing the company’s strong presence in international capital markets.
Anglo American plc maintains a primary listing in London, alongside secondary listings on several exchanges, including the Johannesburg Stock Exchange, the Namibia Stock Exchange, the Botswana Stock Exchange, and the SIX Swiss Exchange.
The transaction is being supported by Rand Merchant Bank, a division of FirstRand Bank Limited, acting as sponsor.
The company noted that the notes will be offered to qualified institutional buyers under U.S. securities regulations and to investors outside the United States, in line with regulations. It also cautioned that the offering remains subject to market conditions and may not be completed as outlined.
Anglo American owns Debmarine Namibia, a 50/50 partnership between the De Beers Group and the Government of the Republic of Namibia. The company focuses on high-value marine and land-based diamond mining. Debmarine Namibia operates offshore, producing over 80 000 carats annually using advanced, eco-friendly, and custom-built crawlers. Namdeb manages land-based operations, together contributing significant revenue and taxes to the nation.
The other venture is the Namibia Diamond Trading Company. It is a 50/50 joint venture between the Republic of Namibia and the DTC, the mining and sorting arm of De Beers. Namibia is a known source for gem quality diamonds and is the fourth-largest exporter of nonfuel minerals in Africa.
