In a recent announcement, Exxaro Resources Limited notified bondholders about an upcoming interest payment for its EXX05 bonds. The communication serves to provide crucial details and reaffirm the company’s commitment to honoring its financial obligations.
The EXX05 bonds, identified by the Bond Code EXX05 and the International Securities Identification Number (ISIN) ZAG000160334, carry an attractive coupon rate of 9.390%. The interest payment encompasses the period from March 13, 2023, to June 12, 2023, with the payment date set for June 13, 2023.
The total amount of interest due for this period is an impressive ZAR 15,218,488.77. Exxaro Resources Limited has a strong history of fulfilling its financial commitments, and this announcement reinforces the company’s dedication to timely payments, bolstering trust among bondholders.
To facilitate this interest payment, Absa Bank Limited, acting through its Corporate and Investment Bank division, has taken on the role of Debt Sponsor. With their expertise and experience in the financial sector, Absa Bank Limited plays a vital role in ensuring a smooth and efficient payment process for Exxaro Resources and its bondholders.
Exxaro Resources Limited has solidified its position as a renowned mining company, specializing in coal, mineral sands, and base metals. The company operates multiple mines and adheres to sustainable resource extraction practices. By communicating the interest payment details promptly, Exxaro Resources demonstrates its commitment to transparent and open communication with stakeholders, specifically bondholders.
The mining industry leader is dedicated to upholding corporate governance standards, environmental stewardship, and community development. Through sustainable growth and responsible mining practices, Exxaro Resources continues to create long-term value for its investors, employees, and surrounding communities.
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