Nedbank Capital and Nedbank Corporate have concluded a five-year R1.5-billion revolving credit facility for Gold Fields, Nedbank Group said on Monday.

"The ability to lend in this difficult and uncertain market is a good indication that Nedbank is open for business and continues to support its clients despite what has occurred in the international banking crisis," said Brad Maxwell, joint head of Mining & Resources at Nedbank Capital.

Gold fields – the world's fourth largest gold producer – will use the funding to refinance existing debt and for general corporate purposes, the statement said.

Sapa

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