South Africa sells $2 bln of bonds in over-subscribed deal

South Africa flying its colours

South Africa sells $2 bln of bonds in over-subscribed deal

Johannesburg, May 16 , 2018 (Reuters/NAN)  South Africa sold two billion dollars of bonds maturing in 2030 and 2048 on international capital markets in a deal to finance the government’s foreign currency commitments,  the finance ministry said on Wednesday.

The National Treasury said the bond sale was more than 1.7 times oversubscribed.

It described the development as an expression of investor confidence.

South Africa’s 2018 budget review envisaged nine billion dollars of international borrowing. (Reuters/NAN)

– May 16, 2018 @ 13:33 GMT |

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