The transaction, which raised ZAR 2,046 billion against an initial target of ZAR 1,5 billion, garnered significant investor interest, reflecting strong confidence in the IDC’s mandate and strategic objectives.
The issuance, which received an orderbook of ZAR 3,464 billion, comprises fixed and floating rate bonds across 5-, 7-, 10-and 12-year tenors. The proceeds will be allocated to projects in line with the IDC’s Sustainable Finance Framework, reinforcing its commitment to sustainable industrial development, employment generation, socioeconomic advancement, and climate and environmental financing.
CDH acted as legal counsel to the IDC, advising on all aspects of the bond issuance, including structuring, regulatory compliance, and transaction documentation. The firm’s role was instrumental in ensuring the bond aligned with South African and international sustainable finance principles, as well as regulatory requirements.
The International Finance Corporation subscribed more than ZAR 1 billion to the issuance, underscoring international confidence in the IDC’s strategy and its commitment to South Africa’s Just Energy Transition investment plan.