Bond yields reflect doubt about Andre de Ruyter heading Eskom
As the new CEO has no public-side experience, the market is not sure about him lasting long at Eskom, trader Michelle Wohlberg says
19 November 2019 - 17:19
Yields on Eskom's 2021 dollar bonds jumped the most in more than three months after the appointment of Andre de Ruyter as CEO on Monday.
The premium of two-year over 10-year dollar yields narrowed, suggesting investors are concerned De Ruyter won’t be able to address the debt-laden firm’s short-term challenges...
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