South Africa's Treasury on Wednesday confirmed it had appointed four banks to offer 12-year and 30-year dollar-denominated bonds to international investors.
Government hires four banks to float two dollar bonds
The four banks were Barclays, HSBC, JP Morgan and Nedbank. Treasury said it would also be proposing a switch transaction
South Africa President Jacob Zuma addresses the United Nations General Assembly in the Manhattan borough of New York, U.S. September 20, 2016. REUTERS/Eduardo Munoz
Treasury said it would also be proposing a switch transaction, in which investors holding existing bonds maturing in 2019 and 2020 could either swap the bonds for cash or exchange them for the new 12-year tranche being proposed.
The four banks were Barclays, HSBC, JP Morgan and Nedbank, it added.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Here’s why JAMB won’t announce 2024 UTME top scorer
ICPC boss urges Nigerians to take pride in honest work
JAMB releases 2024 UTME results — here’s how to check
How Tinubu transformed from a ‘gaffe master’ to an articulate president
Governors warned not to perish Tinubu's reformation agenda
Tinubu's courageous moves will free Nigerians from bondage - Shehu Sani
NAFDAC seizes 35 cartons of codeine syrup in Anambra raid
Ighodalo denies role in Shaibu's impeachment, claims tarnished reputation
Government is ashamed of its citizens begging in other African countries
ADVERTISEMENT