Transnet to issue dollar bond under new $6bn programme
Successful issuance of notes will see the proceeds allocated to debt repayment obligations as well as general capital and operational investments
26 January 2023 - 15:20
Transnet plans to issue a dollar-denominated bond to fund debt repayment obligations as well as general capital and operational investments.
The state-owned port and rail operator confirmed to Business Day that it was holding a series of investor meetings on Thursday to sell a five-year dollar bond under a new $6bn Global Medium Term Note Programme (GMTN). Bloomberg News had earlier reported the planned foreign currency bond issuance, citing people familiar with the matter...
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