On Tuesday June 6, 2017, Impala Platinum Holdings Limited, which is listed on the Johannesburg Stock Exchange, completed (i) a tender offer of its previously existing US$200 million 1% convertible bonds due 2018 and ZAR2,672 million 5% convertible bonds due 2018; and (ii) a new bond offering consisting of US$250 million 3.25% convertible bonds due 2022 and ZAR 3,250 million 6.375% convertible bonds due 2022 (the “2022 Bonds”). The conversion terms of the 2022 Bonds were approved by the shareholders of Impala Platinum Holdings Limited on 24 July 2017. The 2022 Bonds are currently listed and trading on the Johannesburg Stock Exchange and the Frankfurt Stock Exchange.
The deal was led by Tanneke Heersche, assisted by Richard Steinberg, Dimitri Cavvadas, Stimela Mokoena (South African law), and Jane Wang and Jodi Katz (English law).
