The notes were issued off Delta's newly established R2bn Domestic Medium Term Note Programme that is registered with the JSE.
DLTC01‚ Delta's inaugural issuance‚ is a R190m‚ six-month‚ unsecured note with a fixed interest rate of 6.19% a year. The Issuer has been assigned a national scale A2 short-term credit rating by Global Credit Ratings Co.
Said Delta chief financial officer Bronwyn Corbett: "Delta is diversifying its funding sources by accessing the debt capital markets and is encouraged by this initial issuance."
Rand Merchant Bank acted as mandated lead arranger for the establishment of the programme and the inaugural issuance of commercial paper.
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