PPH Debt Notice Neutral

PEPKOR HOLDINGS LIMITED - Listing of New Financial Instruments

Pepkor Holdings Limited
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What this filing means

Pepkor has successfully listed ZAR 1.13 billion in new senior unsecured notes, nearly reaching its ZAR 10 billion debt programme limit.

Bull case

  • Pepkor successfully raised ZAR 1.13 billion through two new senior unsecured floating rate notes (PEP14 and PEP15), confirming continued institutional investor appetite.
  • The issuance utilizes the Group's established 2020 Domestic Medium Term Note programme, demonstrating efficient execution within an existing capital management framework.

Bear case

  • The new issuance brings the total notes in issue to ZAR 9.996 billion, effectively exhausting the ZAR 10 billion programme limit and necessitating a new programme for future raises.

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Category
Debt Notice
Published
Mar 4, 2026

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