Absa mandates for dollars though sovereign remains elusive

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Absa mandates for dollars though sovereign remains elusive

Alamy_Absa_575x375_17May2021
FCXP3X ABSA Bank, Gandhi Square, Johannesburg, City of Johannesburg Municipality, Gauteng Province, Republic of South Africa | Alamy Stock Photo

South African lender Absa has mandated banks for an additional tier one dollar offering. Absa is the latest domestic bank to enter international debt markets despite the absence of the sovereign.

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