Transactions 2017-02-16T04:56:12+00:00

REIZ funding mechanisms

REIZ employs a variety of funding mechanisms to finance its growth, making full use of the LuSE for both debt and equity finance.

Some historical funding options we have pursued are listed below (hoover over the funding option to reveal more details):

2000: Bond Issue

This corporate bond issue was meant for the development of Phase II of Central Park

Key attributes

    • Value : US$1,000,000
    • Type  : Debt

2001: Rights Offer

The Rights Offer was meant to raise funds for the purchase of Central Park Office Complex

Key attributes

    • Value : US$1,900,000 (Preference shares)
    • Type  : Equity

2006: Rights Offer

The Rights Offer was meant to raise funds for the Development of Airtel & Stanbic offices et al

Key attributes

    • Value : ZMK 40 billion / US$10,000,000 (Ordinary Shares)
    • Type  : Equity

2009: Commercial paper

This commercial paper was meant to raise funds for the Group's capital re-structuring

Key attributes

    • Value : US$9,000,000
    • Type  : Debt

2010: Bond rights offer

The corporate bond rights offer was meant to raise funds for the Group's re-financing

Key attributes

    • Value : US$15,000,000
    • Type  : Debt
Circular

2011: Ordinary share issue

The share issue was meant to raise funds for the purchase of Arcades Development PLC

Key attributes

    • Value : US$10,000,000 (13,714,286 ordinary shares)
    • Type  : Equity

2011: Investec debt facility

This debt facility was meant to raise funds for the purchase of Arcades Development PLC

Key attributes

    • Value : US$12,500,000
    • Type  : Debt
Circular

2011: AfLife debt facility

This debt facility was meant to raise funds for the purchase of Arcades Development PLC

Key attributes

    • Value : US$2,500,000
    • Type  : Debt
Circular