1 Min Read
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)