The company issued 3.375% notes due 2028 and offered to purchase its outstanding 5.125% notes due 2022

Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering of $750 million aggregate principal amount of 3.375% notes due 2028 by AngloGold Ashanti Holdings plc, fully and unconditionally guaranteed by AngloGold Ashanti Limited.

Davis Polk also advised the dealer managers in connection with a concurrent cash tender offer by AngloGold Ashanti Holdings plc for any and all of its 5.125% notes due 2022. A portion of the net proceeds of the notes offering was used to fund the cash tender offer.

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’s asset portfolio includes production from ten operations in seven 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 Reuven B. Young, counsel Connie l. Milonakis and associate Serdar Inci. The tax team included partners Jonathan Cooklin and Mario J. Verdolini, counsel Dominic Foulkes and associate Kelli A. Rivers. Members of the Davis Polk team are based in the London, New York and Paris offices.

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