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South Africa begins marketing dual-tranche US dollar bond
September 29, 2016 / 8:16 AM / a year ago

South Africa begins marketing dual-tranche US dollar bond

LONDON, Sept 29 (IFR) - South Africa has started marketing benchmark-sized US dollar bonds maturing in October 2028 and October 2046, according to a lead.

The 12-year notes are being marketed at a yield of 4.625% area and the 30-year bonds at 5.375% area.

The SEC-registered notes are today’s business via lead managers Barclays, HSBC (B&D), JP Morgan and Nedbank.

South Africa is rated Baa2/BBB-/BBB- (negative/negative/stable) (Reporting by Sudip Roy, editing by Julian Baker)

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