Debt Programme


A conservative approach

Redefine continues to maintain a conservative approach to gearing and believes that the optimal level of gearing for the local operation should range from 30% to 35% of total South African assets. Given the prevailing interest rate market in the short- to medium-term, the self-imposed limit may be breached. Deal flow will increase gearing in the short term and Redefine is exploring various options to reduce local gearing to its optimal level.


MOODY'S RATING ACTION: EXCHANGEABLE BOND / November 2016 – click here

MOODY'S CREDIT OPINION / July 2016 – click here

MOODY'S RATING ACTION / May 2016 – click here

MOODY'S CREDIT RATING / March 2016 – click here

REDEFINE DOMESTIC MEDIUM TERM NOTE PROGRAMME SIZE INCREASE – click here

REDEFINE DOMESTIC MEDIUM TERM NOTE PROGRAMME – click here