Motus Places Two Floating-Rate Notes Worth R1.80 Billion
Motus Holdings raised R1.80 billion through two senior unsecured floating-rate note issues, with the auction oversubscribed 3.26 times.
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what happened
Newsmetry API reports that Motus Holdings Ltd issued two senior unsecured floating-rate notes on October 8, raising a combined R1.80 billion.
The company obtained the funding below the guidance set for refinancing higher-cost borrowings. Demand at the bond auction was strong, with total bids reaching 3.26 times the amount offered.
why it matters
The transaction provides Motus with funding to replace more expensive borrowings. The subscription level indicates solid investor demand for the company’s new corporate debt.
instruments
sources
- Motus Issues Two Senior Unsecured Floating Rate Notes For R1.80 Bln — Newsmetry API, 12 October 2026 at 15:16 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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