ZAR 450 M
Sole Advisor and Arranger
Debt Capital Raise
Verdant Capital has completed for Namibian financial services and property group, Trustco, a debt financing of approx. ZAR 450 million. Trustco is listed on the JSE and the Namibian Stock Exchange with a market capitalization of ZAR 2.9 billion (approx. USD 215 million).
The financing represents the second largest equity or debt financing by a Namibian-owned private sector company.
Verdant Capital acted as sole financial advisor and sole arranger to Trustco with respect to the debt private placement. The transaction further illustrates the depth and breadth of financing available to African financial institutions in the private placement market.