South Africa shakes off macro worries with duo

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By Michael Turner
20 Sep 2017

South Africa has printed a $2.5bn dual tranche bond that analysts said was attractive despite the country’s recent economic and political woes.


The sovereign, rated Baa3/BB+/BB+, sold a $1bn 10 year and $1.5bn 30 year bond on Tuesday at yields of 4.875% and 5.65%, respectively.

Citi, Deutsche Bank, Nedbank and HSBC ran the transaction. Leads said they were unable to comment until the trade had ...

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