RMB and Petra Diamonds continued their long-term relationship in a ZAR2.1-bn multi-currency transaction.

Rand Merchant Bank is proud to have arranged and structured new debt facilities of R1.6-billion and US$60-million, co-funded with Absa Capital and the International Finance Corporation. Involving various debt tranches across each currency and innovative cross-collateralisation arrangements, this deal demonstrates RMB’s long-term support for Petra’s growth objectives to become a leading global diamond producer.

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RMB is a leading African Corporate and Investment Bank.

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