Sasol Announces Pricing of Debut US$ Notes Offering
JOHANNESBURG, Nov. 6, 2012
JOHANNESBURG, Nov. 6,2012 /PRNewswire/ --NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA OR JAPAN OR
ANY OTHER STATE OR JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
Sasol Limited (the "Company") announces the pricing of a public offering of
4.500% Notes due 2022 in an aggregate principal amount of US$1 billion. This
transaction was executed on 6November2012.
Christine Ramon, Chief Financial Officer, said, "I am delighted with the
results of our debut US$ Notes offering. The success of this offering, under
quite challenging market conditions, confirms the international capital
markets' confidence in Sasol's strong cash generation ability and robust
balance sheet, while the 10-year tenor is well matched to our growth
Subject to customary conditions, the offering is expected to close on 14
November 2012. The offering was made pursuant to the Company's shelf
registration statement filed with the Securities and Exchange Commission. The
Notes are being issued by Sasol Financing International Plc, are unsecured and
are fully and unconditionally guaranteed by the Company. Sasol Financing
International Plc is a wholly owned subsidiary of the Company.
The Company estimates that the net proceeds from the offering will be
approximately US$985 million, after deducting discounts and estimated
expenses. The Company intends to use the net proceeds of this offering for
general corporate purposes, including funding capital investments.
Barclays Bank PLC, HSBC Bank plc and J.P. Morgan Securities plc are acting as
joint bookrunners for the offering.
The offering is being made only by means of a prospectus supplement and
accompanying base prospectus. A preliminary prospectus supplement and
accompanying base prospectus relating to the offering and containing detailed
information about the Company and management, as well as financial statements,
have been filed with the Securities and Exchange Commission and are available
on its website at http://www.sec.gov. When available, copies of the final
prospectus supplement and accompanying base prospectus for the offering may be
obtained from: Barclays Capital Inc., telephone: 1-888-603-5847; HSBC
Securities (USA) Inc., telephone: 1-866-811-8049; or J.P. Morgan Securities
LLC, telephone: 1-800-245-8812.
This announcement does not constitute an offer to sell or a solicitation of an
offer to buy, nor shall there be any sale of any of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction. The securities being offered have not been approved or
disapproved by any regulatory authority, nor has any such authority passed
upon the accuracy or adequacy of the prospectus supplement, base prospectus or
the shelf registration statement.
Contact: Sasol Investor Relations Team, Tel. +27 (0) 11 441 3113 / 3606 / 3562
Press spacebar to pause and continue. Press esc to stop.