RMB acted as joint adviser, joint book runner and joint transaction sponsor to Discovery Holdings Limited for its ZAR800-m Perpetual Preference Share capital raising.

Rand Merchant Bank is proud to have partnered Discovery in the successful private placement of R800-million, non-cumulative, non-redeemable Perpetual Preference Shares. Discovery, the market leader in healthcare, risk cover and wellness benefits, will use the capital to support growth of existing business and to explore new business opportunities.

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RMB is a leading African Corporate and Investment Bank.

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