RMB appointed financial adviser for Land Bank creditors
The Land Bank purportedly missed a loan repayment that triggered a cross-default in notes issued under a R50bn bond programme
14 May 2020 - 19:11
Creditors of the biggest lender to SA farmers have picked Rand Merchant Bank (RMB) as financial adviser after it missed a loan repayment that triggered a cross-default in notes issued under a R50bn bond programme, according to people familiar with the matter.
RMB has been entrusted with the task of drawing up cash-flow projections for the Land and Agricultural Development Bank, the people said, asking not to be identified as an announcement hasn’t been made...
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