Transnet redeems $1bn bullet bond maturity, but tackles liquidity challenges

Transnet disclosed the redemption on Wednesday (27 July 2022) at the group’s annual results presentation for the year ended 31 March 2022.

Public enterprises minister Pravin Gordhan, who attended the briefing virtually, noted the company’s “remarkable achievement” in “being able to raise money without government guarantees and being able to … return [to] financial credibility”.

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