RMB launched SA's first Krugerrand denominated bond to the value of ZAR12 -bn.
Rand Merchant Bank is proud to have launched the first Krugerrand denominated bond, listed on the JSE. This 5-year bond combines the benefit of gold price exposure with no management fees or storage costs, while at the same time paying an interest return in gold ounces. Furthermore, at maturity, investors can elect to receive Krugerrands or cash. With Rand Merchant Bank facilitating a market in the bond, this is a new, exciting and innovative gold investment alternative for institutional and retail investors.