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TRANSNET SOC 23/28 MTN

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Overview
Analysis

Key terms


Outstanding amount
‪1.00 B‬USD
Face value
1,000.00USD
Minimum denomination
200,000.00USD
Coupon
8.25% (Fixed)
Coupon frequency
Semi-annual
Yield to maturity
7.65%
Maturity date
Feb 6, 2028
Term to maturity
3 years

About TRANSNET SOC 23/28 MTN


Issuer
Transnet SOC Ltd.
Sector
Transportation
Industry
Air Freight/Couriers
Home page
Issue date
Feb 6, 2023
ISIN
XS2582981952
FIGI
BBG01DD2RLF9
As the custodian of ports, rail and pipelines, Transnet’s objective is to ensure a globally competitive freight system that enables sustained growth and diversification of the country’s economy. Transnet is currently transitioning from its Market Demand Strategy, characterised by accelerated capital investment, towards the Transnet 4.0 Strategy, which is focused on repositioning Transnet, and the country’s freight system, for competitiveness within the fast changing, technology- driven context of the 4th industrial revolution. The strategy’s main growth thrusts includes; geographic expansion, product and service innovation and diversification and expansion of the scope of Transnet’s manufacturing business. The key objectives of Transnet’s effort is directed towards increasing the connectivity, density and capacity of the integrated port, rail and pipeline network. Transnet 4.0 Strategy aims to grow Transnet to a R100 billion business by 2020. Organic growth of the current freight transport and handling divisions will account for the bulk of this growth and Transnet will continue to focus on improving operational efficiency and reliability in order to grow its market share. Consequently, capital investment to modernize and expand the port, rail and pipeline network and operations will continue to be a key priority, as will continued development of our people. Significant growth is being targeted from new markets, particularly in integrated logistics, the development of logistics hubs and clusters, natural gas midstream infrastructure, manufactured products and new digital businesses. Transnet will increasingly make use of strategic partnerships to drive these new ventures. Transnet has a critical role to play in furthering South Africa’s strategic and economic objectives and is actively refreshing its brand as it moves into new markets, expands and diversifies its service offering, and redefines its market position. Transnet operates as an integrated freight transport company, formed around a core of six operating divisions that complement each other. These are supported by a number of company-wide specialist units - Transnet Group Capital and Transnet Foundation- which underpin our company.
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