Government says the successful issuing of $5bn (R74bn) in what it said could be the biggest eurobond sale in sub-Saharan Africa to date is an expression of investor confidence in SA.

The Treasury announced said on Tuesday it was able to place $2bn in 2029 bonds as well as $3bn of securities that mature in 2049, increasing the offering from a planned $4bn after demand from prospective investors exceeded supply by almost three time.

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