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SA issues $2bn bonds in global markets - National Treasury - eStart Computer Services
JOHANNESBURG - South Africa on Tuesday successfully placed US$2 billion in notes maturing in 2030 and 2048 in the international capital markets, the National Treasury said on Wednesday. The Treasury said the total issuance consisted of US$1.4 billion on the 12-year tranche and US$600 million on the 30-year paper. The 12-year bond priced at a coupon rate of 5.875 percent, representing a spread of 280.5 basis points above the 10-year US Treasury benchmark bond. The 30-year bond priced at 6.3 percent , a spread of 310.1 basis points above the 30-year US Treasury benchmark bond. The transaction was more than 1.7 times oversubscribed ...read more