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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