Absa Corporate and Investment Bank, a division of Absa Bank Limited, acted as sole lead arranger. "The keen investor interest that the auction yielded, coupled with the bonds' competitive pricing, showcases Vukile's exceptional credit quality, strong balance sheet, and well-defined business strategy," says Marcus Veller of Absa. In July 2023, GCR Ratings affirmed Vukile's national scale long-term issuer rating of AA(za) and its national scale short-term issuer rating at A1+(za), with a stable outlook.