Following the launch of an accelerated bookbuild on Thursday, JSE- and NYSE-listed Gold Fields raised R2.5-billion through the oversubscribed placing of 38.9-million new Gold Fields ordinary shares. Gold Fields on Friday successfully priced and closed the private placement, representing some 5% of the company’s issued share capital, to qualifying institutional investors at a price of R59.50 a share, the proceeds of which would be allocated to an existing dollar-based revolving credit facility that was used to buy guaranteed notes in February.
