Wednesday, 24 April 2013 15:29

Hyprop Investments to raise R1bn in bonds

Hyprop Investments, a shopping mall owner with clients including Body Shop and Timberland, wants to raise almost R1bn in bonds to reduce its debt-servicing costs.

GoGlobal Properties‚ which listed on the Bermuda Stock Exchange last month‚ said on Monday its secondary listing — on the AltX — would be effective from Monday next week.

New Europe Property Investments plc plans to raise equity raise of about R500m through the issue of new shares.

A total of just over 17 million A and B linked units were issued for a combined consideration of R14.60, raising gross proceeds of R250 million.

JSE-listed property company Dipula Income Fund today announced the results of its significantly oversubscribed private placement of R650 million in new capital for the fund.

Saturday, 20 October 2012 06:49

Sephaku Cement concludes R1.95bn funding deal

JSE-listed industrial minerals exploration and development company Sephaku Holdings associate company concludes a R1.95-billion funding deal with Standard Bank and Nedbank.

Following the recent announcement by the Investec Property Fund (“IPF”) of new acquisitions totaling R1.9 billion and the intention to finance these acquisitions through the issue of new IPF units, the recent declaration announcement confirms IPF’s plans to take advantage of the strong equity markets and demand for its share with a R1.5 billion rights offer

Wednesday, 28 March 2012 02:00

Erbacon in R200m plus recapitalisation plan

Erbacon announces a debt restructuring plan in excess of R200m to recapitalise the business growth.

Stanlib, Old Mutual, Sanlam and Coronation support Murray & Roberts' proposed rights offer.

Friday, 25 November 2011 02:00

Hyprop placement exceeds expectations

Rand Merchant Bank has announced that the sale of a large tranche of Hyprop units, exceeded expectations when they were bought via an 'accelerated bookbuild placement' on global markets.

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