Davis Polk advised Barclays Capital Inc., Citigroup Global Markets Inc., HSBC Bank plc, Scotia Capital (USA) Inc., BMO Capital Markets Corp., Deutsche Bank Securities Inc., J.P. Morgan Securities plc and Mitsubishi UFJ Securities (USA), Inc. in connection with an SEC-registered offering of $750 million aggregate principal amount of 5.125% notes due 2022 by AngloGold Ashanti Holdings plc, fully and unconditionally guaranteed by AngloGold Ashanti Limited (AngloGold Ashanti).
Based in Johannesburg, South Africa, AngloGold Ashanti is a global gold company with a portfolio of assets and differing orebody types in key gold-producing regions. AngloGold Ashanti was formed following the consolidation of the gold interests of Anglo American plc into a single company in 1998. AngloGold Ashanti’s asset portfolio includes production from 20 operations in 10 countries, gold production and reserves from operations outside South Africa and gold production from a broad variety of ore body types, as well as a variety of open-pit, heap-leach, underground, surface and dump reclamation operations.
The Davis Polk corporate team included partner Paul E. Kumleben and associates Reuven B. Young and Serge Martyn. Partner John D. Paton and associate Sarah Joy provided tax advice. Claire Lim and Rachel Sterling were the legal assistants on the transaction. All members of the Davis Polk team are based in the London office.
