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Northam Platinum raises R1.65bn with medium term note placement

Company says it will use initial proceeds to repay other notes in issue.

South Africa’s Northam Platinum said on Tuesday it had placed a R1.65 billion ($118 million) domestic medium term note and would use initial proceeds to repay other notes in issue.

The miner said the private placement of the notes fell under its R2 billion domestic medium term note programme and the paper has one- two- and three-year maturities.

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