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R10bn loan takes Harmony closer to renewable energy goal
Harmony Gold's solar photovoltaic projects see a boost thanks to green loan.
In June 2022, sustainable gold mining and exploration company, Harmony Gold, appointed Nedbank CIB to help them refinance and upsize its key corporate debt facilities. The R10 billion green loan – coordinated and structured by Nedbank CIB – has been used exclusively to finance the construction of Harmony’s second phase of solar photovoltaic projects.
As a result, Harmony’s renewable energy generation has increased by 137MW, keeping the company’s decarbonization strategy on track. This includes the goal of having 30% of their energy mix originating from renewable sources by 2027. And, thanks to Nedbank CIB’s green loan, this goal is well within reach.
An independent party, global climate consultancy Carbon Trust, was also brought in to confirm that Nedbank CIB's loan is aligned with the core components of the Loan Market Association green loan- and sustainability-linked loan principles.
But the impact of the R10 billion loan goes far beyond the environment. It will see Harmony making a marked difference in South Africa in areas like increased employment and fiscal contribution.
Nedbank CIB recognises that environmentally sensitive mining is a non-negotiable in South Africa's efforts to move towards a lower-carbon future and is, therefore, delighted to have been a part of Harmony Gold's green ambitions.
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Nedbank Corporate and Investment Banking (CIB), recently played a pivotal role in the successful acquisition and subsequent delisting by SA Corporate Real Estate Limited (“SA Corporate”) of Indluplace Properties Limited (“Indluplace”). Acting through our Corporate Finance team, CIB served as the exclusive corporate advisor and transaction sponsor in the transaction, which involved the integration of Indluplace Properties Limited ("Indluplace") into SA Corporate's portfolio.
Published 29 Aug 2023 in nedbank:cib/deals/property
NCIB plays key role in SA Corporate’s acquisition and subsequent delisting of Indluplace
Nedbank Corporate and Investment Banking (CIB), recently played a pivotal role in the successful acquisition and subsequent delisting by SA Corporate Real Estate Limited (“SA Corporate”) of Indluplace Properties Limited (“Indluplace”). Acting through our Corporate Finance team, CIB served as the exclusive corporate advisor and transaction sponsor in the transaction, which involved the integration of Indluplace Properties Limited ("Indluplace") into SA Corporate's portfolio.
Published 29 Aug 2023
Nedbank CIB closes R1,3 billion finance deal for Intertoll’s 50% acquisition of Bombela
Nedbank CIB has successfully closed R1,3 billion of acquisition finance facilities to support Intertoll International Holdings B.V. (Intertoll) in purchasing a 50% equity stake in Bombela Concession Company (RF) (Pty) Ltd (BCC).
Published 19 May 2023 in nedbank:cib/deals/finance
Nedbank CIB closes R1,3 billion finance deal for Intertoll’s 50% acquisition of Bombela
Nedbank CIB has successfully closed R1,3 billion of acquisition finance facilities to support Intertoll International Holdings B.V. (Intertoll) in purchasing a 50% equity stake in Bombela Concession Company (RF) (Pty) Ltd (BCC).
Published 19 May 2023
