Eurobond issue a sign of ‘investor confidence’ in SA
State raises $5bn from a 10-year and 30-year external bond float
24 September 2019 - 17:07
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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