RMB acted as joint bookrunner, adviser and sponsor to JD Group in its debut, ZAR1-bn 5-year convertible bond issue.

Rand Merchant Bank, in its third convertible bond issue to date, created an innovative hybrid solution raising R1-billion for JD Group in a single day. Due to its complex and multifaceted nature, this deal involved the co-operation of several specialist areas within the bank, illlustrating RMB’s position as a leading provider of innovative solutions — and the only bank to have arranged all the JSE-listed ZAR convertible bonds.

RMB is a leading African Corporate and Investment Bank.

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