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Home » RTG announces early debenture redemption
National Report

RTG announces early debenture redemption

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RAINBOW Tourism Group (RTG) this week announced an early redemption of its seven-year debenture due to a now “sub-optimal” security arrangement. Issued in 2018, the $16,7 million debt notes were secured by a bond over the company’s three hotels ― Bulawayo Rainbow Hotel, A’Zambezi River Lodge and Victoria Falls Rainbow Hotel. “The combined value of…

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