Rand Merchant Bank acted as co-mandated lead arranger in a ZAR2.0-bn bank debt package and as joint bookrunner on a ZAR1.2-bn convertible bond offering for Royal Bafokeng Platinum.
The capital and facilities raised will be primarily used to fund the next phase of the Styldrift I ramp-up, which will triple the production rate at the Styldrift mine by 2018. This deal represents yet another milestone reached with Royal Bafokeng Platinum, highlighting our continued relationship with the company and commitment to RMB's partnership approach with our clients.
