Northam Platinum Announces Interest Payments for Bondholders

northam platinum
  • Northam Platinum announces final interest payments for bondholders.
  • Bond series NHM018 reaches maturity date, concluding interest payments.
  • One Capital appointed as Debt Sponsor for the transactions.

Northam Platinum Limited revealed the details of its upcoming interest payments to bondholders. As part of the announcement, Northam Platinum, with registration number 1977/003282/06, listed on the Debt Issuer Code as NHMI, disclosed the specific bonds and their corresponding payment schedules.

Four bond series, namely NHM018, NHM019, NHM020, and NHM021, will be subject to interest payments on different dates. The payment dates are set for Thursday, 25 May 2023, and Friday, 26 May 2023, respectively. Northam Platinum, a significant player in the precious metals industry, issued these bonds and assigned unique bond codes and International Securities Identification Numbers (ISIN) to each.

The following are the key details of the interest payments for each bond series:

Bond Code: NHM018

  • ISIN: ZAG000168097
  • Coupon: 11.20%
  • Interest Period: 27 February 2023 to 24 May 2023
  • Interest Amount Due: R61,146,936.99
  • Payment Date: 25 May 2023
  • Date Convention: Following Business Day

Northam Platinum emphasized that this upcoming payment will be the final interest payment for the NHM018 note series since it will reach its maturity date on Thursday, 25 May 2023.

Bond Code: NHM019

  • ISIN: ZAG000168105
  • Coupon: 11.45%
  • Interest Period: 27 February 2023 to 24 May 2023
  • Interest Amount Due: R95,956,127.40
  • Payment Date: 25 May 2023
  • Date Convention: Following Business Day

Bond Code: NHM020

  • ISIN: ZAG000172594
  • Coupon: 11.20%
  • Interest Period: 27 February 2023 to 24 May 2023
  • Interest Amount Due: R18,206,597.26
  • Payment Date: 25 May 2023
  • Date Convention: Following Business Day

Bond Code: NHM021

  • ISIN: ZAG000181496
  • Coupon: 11.70%
  • Interest Period: 27 February 2023 to 25 May 2023
  • Interest Amount Due: R16,163,309.59
  • Payment Date: 26 May 2023
  • Date Convention: Following Business Day

Northam Platinum, based in Johannesburg, ensures that it fulfils its financial obligations to bondholders and remains dedicated to maintaining transparency and accountability in its operations. The company has appointed One Capital as the Debt Sponsor for these transactions, further reinforcing its commitment to providing a seamless and reliable investment experience for bondholders.

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Lethabo Ntsoane

Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo

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