Real Economy News in Real Time
R/€ = 16.16 Change: -0.02
R/$ = 14.47 Change: 0.03
Au 1467.51 $/oz Change: -4.95
Pt 927.96 $/oz Change: -11.09
 
 
Real Economy News in Real Time
R/€ = 16.16 Change: -0.02
R/$ = 14.47 Change: 0.03
Au 1467.51 $/oz Change: -4.95
Pt 927.96 $/oz Change: -11.09
 
 
BACK

Transnet signs R1.6bn loan agreement with German bank

14th November 2019 BY: Marleny Arnoldi
Creamer Media Online Writer

Transnet has signed a R1.6-billion seven-year bilateral loan agreement with international investor KfW Ipex-Bank.

The State-owned freight utility on Thursday said the agreement demonstrated continued investor confidence in the business and the investor’s comfort in Transnet’s improved governance environment.

Advertisement

This is Transnet’s second loan agreement with the German Banking Act-governed KfW, which comes with a longer tenor and larger commitment than the prior facility concluded with the bank five years ago. 

For more information on this article, please make use of the Article Enquiry Service, by clicking here
 
Advertisement
EDITED BY: Creamer Media Reporter
EMAIL THIS ARTICLE SAVE THIS ARTICLE ARTICLE ENQUIRY
Advertisement
 
 
Prev Next