Asset Origination and Management

Debt Origination

The Debt Origination team is responsible for sourcing, assessing and negotiating participation in unlisted credit asset opportunities. Unlisted credit assets are a significant contributor to our continued success of generating above-average returns for OMLACSA.

Our primary source of assets is through direct client relationships and relationships with South African and international investment banks. We have concluded deals in the mining, telecoms, property, healthcare, retail, industrial, financial and entertainment sectors, as well as with state-owned enterprises and municipalities.

OMSFIN’s achievements in Debt Origination have been made possible through a range of different types of financing. The team consists of three specialised units:

Overnight Funding: We offer uncommitted, unsecured overnight lending facilities to corporations in order to assist them in meeting their short-term liquidy requirements.

Vanilla Term Debt: This is unstructured debt, primarily in the form of secured or unsecured term loans. These loans are advanced to well-established corporations with investment-grade credit ratings.

Project and Infrastructure Finance: We provide finance to parastatals or public-private partnership initiatives to fund infrastructure development and other projects. This type of debt is typically characterised by long-dated tenors (i.e. 10 years or more).

SOE Funding: We provide finance to state-owned enterprises to fund infrastructure development and other projects.

BEE Funding: We provide funding to facilitate the implementation of Black Economic Empowerment (BEE) transactions by corporations across all industries and sectors.

Preference Share Funding: This alternative source of capital is often the funding instrument in Black Economic Empowerment (BEE) transactions. We typically invest in variable-rate or fixed-rate cumulative, redeemable preference shares. These are shares issued or guaranteed by reputable companies with strong credit ratings.

Listed Sector: We provide funding solutions to listed property counterparties through strategic direct client relationships and via local investment banks.

Unlisted Property Funds: We offer funding solutions to the larger South African institutional and private direct property funds.

Share Cover Deals: We provide finance that is secured by equity stakes in listed property counterparties (e.g. BEE deals).

Structured Credit: We offer investments in structured credit products, such as commercial mortgage-backed securitisations.

Leverage Buyouts: In these buyouts, the acquisition of the target company is partly funded by debt, typically structured to include a combination of debt tranches with varying claims to the security package (i.e. senior, junior and mezzanine loans, PIK notes, etc.) Through our various business areas we have the ability to participate in all these debt tranches.

BEE Funding: We provide funding to facilitate the implementation of Black Economic Empowerment (BEE) transactions by corporations across all industries and sectors.

Preference Share Funding: This alternative source of capital is often the funding instrument in Black Economic Empowerment (BEE) transactions. We typically invest in variable-rate or fixed-rate cumulative, redeemable preference shares. These are shares issued or guaranteed by reputable companies with strong credit ratings.

Structured Term Debt: These debt instruments are structured to meet clients' unique requirements with regards to payment profile, tenor, debt servicing, security structure, etc.

High Yield Bonds: Senior secured debt with incurrence-type covenants, is advanced to market leading corporations with strong sponsors.

back to top

Market Indicators: 22 May 20:14: R/$:8.28R/£:13.02R/€:10.53Forex Calculator Old Mutual Share Price: 22 May 20:14: JHB:1862c  LDN:141.22GBp

Old Mutual Life Assurance Company (South Africa) Limited is a Licensed Financial Services Provider

Physical Address: Mutualpark, Jan Smuts Drive, Pinelands, 7405, South Africa

This site has been optimised for Microsoft Internet Explorer 7 and Firefox 2