JOHANNESBURG: Gold Fields
Limited (Gold Fields), last week announced a
10-year, US$1 billion bond offer to international investors. The transaction
was successfully completed yesterday.
This transaction was executed on 30 September 2010, where the final order
book was more than two times oversubscribed from high quality accounts. The
final coupon of 4.875% per annum is the lowest US$ rate achieved by a South
African corporate in the international bond market this year.
Paul Schmidt, Chief Financial Officer, said: "The 10 year tenor of this
bond will fit nicely in with our long term quality assets without increasing
the group's debt position. Gold Fields will have more than $1.3 billion of
committed bank facilities available after the net proceeds of the bond have
been used to refinance some bank facilities and commercial paper notes in
issue. The bond significantly strengthens our liquidity and debt maturity
profile. "
This press release does not constitute an offer of securities for sale or
a solicitation of an offer to purchase the securities mentioned in this
announcement (the "Securities") in the United States. The Securities have not
been and will not be registered under the United States Securities Act of
1933, as amended (the "Securities Act"), and have not and may not be offered
or sold, directly or indirectly, in or into the United States absent
registration or an applicable exemption from the registration requirements
under the Securities Act. There will be no public offer of Securities in the
United States.
Notes to editors
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of gold with
attributable production of 3.5 million gold equivalent ounces per annum from
nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields
also has an extensive growth pipeline with both greenfields and nearmine
exploration projects at various stages of development. Gold Fields has total
attributable gold equivalent Mineral Reserves of 78 million ounces and
Mineral Resources of 281 million ounces. Gold Fields is listed on JSE Limited
(primary listing), the New York Stock Exchange (NYSE), the NASDAQ Dubai
Limited, the Euronext in Brussels (NYX) and the Swiss Exchange (SIX).
http://www.goldfields.co.za
SOURCE Gold Fields Limited
