Nhlanhla Nene is sworn in as Minister of Finance in Cape Town, South Africa, REUTERS
Nhlanhla Nene is sworn in as Minister of Finance in Cape Town, South Africa, REUTERS

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

JOHANNESBURG    –    South Africa sold $2 billion 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 and described it as an expression of investor confidence. South Africa’s 2018 budget review envisaged $9 billion of international borrowing.(Reuters)

Related Story:  NPDC poised to become Nigeria’s foremost exploration and production coy – Baru
Sundiata Post Media Ltd.

Address: 3rd Floor Office Suite, Bayelsa State Guest House, Plot 1038, Shehu Shagari Way, Maitama, Abuja, Nigeria.
Tel: 08033083361, 08094208271 and 092900705
Whatsapp: 08053069436
Email: info@sundiatapost.com
Website: www.sundiatapost.com

Enugu Regional Office: SW 1 New Haven Shopping Mall, Enugu, Enugu State, Nigeria.
Tel: +234(0)7062582838

London Office: 18 Belgrave Avenue, Wd18 7UE, Watford, United Kingdom.
Tel: +447417554143
Dubai Office: PAU Management Suite, Level 23 - Boulevard Plaza Tower 2, Emaar Boulevard,
P. O. Box 124342, Dubai, UAE.
Tel: +971 4 4096849 | Fax: +971 4 409 6850
About Us

SundiataPost is published by Sundiata Post Media Limited, Sundiata Post is Nigeria’s most authoritative online newspaper and ranks among the top five online news platforms in Nigeria.

Guild of Corporate online publishers
A Glance at Our Advert Rate.

Inside Pages

Size In Pixels - Amount

120×180 - N27,967.50

300×100 - N24,695

Text Link - N11,275

More Details info

About Us | Contact Us | Privacy Policy | Terms of Use | Advert Rate