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Momentum Group announces R 1.5 billion unsecured subordinated note offering

PUBT·11/03/2026 08:34:36
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Momentum Group announces R 1.5 billion unsecured subordinated note offering
  • Momentum Metropolitan Life to issue R 1.5 billion in unsecured subordinated notes guaranteed by Momentum Group.
  • The notes will be issued November 5, 2026, at 100% of nominal value following JSE listing approval.
  • R 300 million in floating rate notes mature May 5, 2032, paying compounded daily ZARONIA with a 100-basis-point margin.
  • A R 850 million fixed rate notes tranche carries an 8.82% coupon and matures May 5, 2032.
  • A further R 350 million in fixed rate notes carry a 9.03% coupon and mature November 5, 2033.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Momentum Group Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S606010), on November 03, 2026, and is solely responsible for the information contained therein.