REG - Valterra Platinum - ISSUANCE OF R2 BILLION FLOATING RATE NOTES

Valterra PlatinumAnnouncement

Today 15:15

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RNS Number : 5872E  Valterra Platinum Limited  15 May 2026

Valterra Platinum Limited

(previously Anglo American Platinum Limited)

(Incorporated in the Republic of South Africa)

(Registration number: 1946/022452/06)

JSE Share Code: VAL

LSE Share Code: VALT

JSE Debt Issuer Code: VALI

ISIN: ZAE000013181

Income tax number: 9575104717
 

("the Company" or "Valterra Platinum")

 

15 May 2026

 

ISSUANCE OF R2 BILLION FLOATING RATE NOTES UNDER THE VALTERRA PLATINUM R10
BILLION DOMESTIC MEDIUM TERM NOTE PROGRAMME

 

Valterra Platinum is pleased to announce that it has successfully concluded an
inaugural auction and issuance of floating rate notes ("Notes") to the value
of R2 billion under the Company's R10 billion Domestic Medium Term Note
Programme, as amended and/or supplemented from time to time.

 

Sayurie Naidoo, CFO of the Company, said: "The success of our inaugural bond
auction marks a defining milestone for Valterra Platinum and reflects
investors' confidence in the quality of the Company's assets, the strength of
its balance sheet, and our long-term strategy. Through this issuance, we
continue to optimise our funding profile while maintaining a disciplined
approach to capital allocation".

 

The Notes will be issued on 18 May 2026 and comprise:

 

 INSTRUMENT TYPE              FLOATING RATE NOTE
 Bond Code                    VAL001
 ISIN No.                     ZAG000224981
 Nominal Issued:              R 378 000 000.00
 Issue Price:                 100%
 Coupon                       Compounded Daily ZARONIA plus 72 bps, in accordance with paragraph 33 of the
                              Applicable Pricing Supplement
 Interest Determination Date  The 5th (fifth) Johannesburg Business Day
 Coupon Rate Indicator        Floating
 Trade Type                   Price
 Maturity Date                18 May 2027
 Books Close Date             N/A
 Interest Payment Date(s)     18 August 2026, 18 November 2026, 18 February 2027 and 18 May 2027
 Last Day to Register         By 17:00 on 17 August 2026, 17 November 2026, 17 February 2027 and 17 May 2027
 Issue Date                   18 May 2026
 Business Day Convention      Modified Following
 Interest Commencement Date   18 May 2026
 First Interest Payment Date  18 August 2026
 Additional Information       Senior Unsecured Floating Rate Notes due 18 May 2027 under its
                              ZAR10,000,000,000 Domestic Medium Term Note Programme

 

 INSTRUMENT TYPE              FLOATING RATE NOTE
 Bond Code                    VAL002
 ISIN No.                     ZAG000225004
 Nominal Issued:              R 1 240 000 000.00
 Issue Price:                 100%
 Coupon                       Compounded Daily ZARONIA plus 100 bps, in accordance with paragraph 33 of the
                              Applicable Pricing Supplement
 Interest Determination Date  The 5th (fifth) Johannesburg Business Day
 Coupon Rate Indicator        Floating
 Trade Type                   Price
 Maturity Date                18 May 2027
 Books Close Date             N/A
 Interest Payment Date(s)     18 August, 18 November, 18 February and 18 May
 Last Day to Register         By 17:00 on 17 August, 17 November, 17 February and 17 May
 Issue Date                   18 May 2026
 Business Day Convention      Modified Following
 Interest Commencement Date   18 May 2026
 First Interest Payment Date  18 August 2026
 Additional Information       Senior Unsecured Floating Rate Notes due 18 May 2029 under its
                              ZAR10,000,000,000 Domestic Medium Term Note Programme

 

 INSTRUMENT TYPE              FLOATING RATE NOTE
 Bond Code                    VAL003
 ISIN No.                     ZAG000224999
 Nominal Issued:              R 382 000 000.00
 Issue Price:                 100%
 Coupon                       Compounded Daily ZARONIA plus 104 bps, in accordance with paragraph 33 of the
                              Applicable Pricing Supplement
 Interest Determination Date  The 5th (fifth) Johannesburg Business Day
 Coupon Rate Indicator        Floating
 Trade Type                   Price
 Maturity Date                18 May 2031
 Books Close Date             N/A
 Interest Payment Date(s)     18 August, 18 November, 18 February and 18 May
 Last Day to Register         By 17:00 on 17 August, 17 November, 17 February and 17 May
 Issue Date                   18 May 2026
 Business Day Convention      Modified Following
 Interest Commencement Date   18 May 2026
 First Interest Payment Date  18 August 2026
 Additional Information       Senior Unsecured Floating Rate Notes due 18 May 2031 under its
                              ZAR10,000,000,000 Domestic Medium Term Note Programme

 

JSE debt sponsor:

The Standard Bank of South Africa Limited

JSE equity sponsor:

Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities

 

For further information, please contact:

Company Secretary

Fiona Edmundson

fiona.edmundson@valterraplatinum.com

 

Investors:

Leroy Mnguni

leroy.mnguni@valterraplatinum.com

Marcela Grochowina

marcela.grochowina@valterraplatinum.com

Media:

Cindy Maneveld

cindy.maneveld@valterraplatinum.com

 

ABOUT VALTERRA PLATINUM

Valterra Platinum is one of the world's leading integrated producers of
platinum group metals (PGMs) with a primary listing on the Johannesburg Stock
Exchange and a secondary listing on the London Stock Exchange. We operate
world class, long-life mines and the industry's most efficient processing
assets, responsibly mining, smelting, and refining PGMs and associated
co-products from operations located in South Africa and Zimbabwe. With
integrated marketing hubs in London, Singapore and Shanghai, we deliver
tailored solutions for our customers. We continue to integrate sustainability
into everything we do, invest in our mining and processing capabilities and
advance market development initiatives to grow and commercialise new demand
segments. We make a meaningful impact in the communities where we operate and
remain committed to delivering consistent and superior returns to
shareholders. Guided by our purpose of unearthing value to better our world,
we are committed to zero harm, disciplined capital allocation and delivery on
our value-accretive strategic priorities.

 

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