SA bond tipped as HY names safe ‘for now’ from volatility

AdobeStock_SouthAfrica_dollar_575x375_01March2021
By Mariam Meskin
01 Mar 2021

South Africa is set to come to the market for a dollar bond, despite rising US Treasury yields unsettling bond investors. High yielding emerging markets borrowers are insulated from the volatility in the US govvie market for now, market participants said.

South Africa has total borrowing requirements of R547.9bn ($36bn) in the next year, it confirmed in its 2021 budget last week.

The sovereign is expected to seek up to $3bn from international bond markets this year. A bond sale could take place in a matter of weeks — a ...

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