JOHANNESBURG/LONDON (Reuters) - South Africa's Harmony Gold (HARJ.J: Quote, Profile, Research, Stock Buzz) plans to issue a $300-$350 million bond with a 5-7-year tenure, its CEO said on Tuesday.
Chief Executive Bernard Swanepoel told the Reuters Global Mining and Steel Summit in London by telephone from Cape Town that details have not been finalized, but the bond was expected to tap both South African and international investors.
"Our timeline would be to explore doing that over the next three months... it is really something we could and should do now," he said.
"It would really leverage our balance sheet, which is quite a conservative or lazy balance sheet," he said.
RMB and Morgan Stanley have been commissioned as advisors, he added.
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