RCS announces placement of R750 million in notes

CAPE TOWN – BNP Paribas Personal Finance South Africa Limited (trading as RCS) is pleased to announce the successful placement of R750 million in notes under its capital markets programme, guaranteed by the listed entity, BNP Paribas (France).
The notes raised over R3.6 billion in demand on a minimum target issuance of R500 million, making the placement 7.3 times subscribed.
RCS placed two notes, namely, a 12 month and a three-year note, issuing R200 million and R550 million respectively – both of which cleared below prior year placements and below price guidance.
BNP Paribas (France), through its wholly owned subsidiary BNP Paribas Personal …read more