May 15, 2018 / 3:22 PM / 4 months ago

South Africa sets yields on dual-tranche bond offering

LONDON, May 15 (IFR) - South Africa has set the yields for a dual-tranche offering of benchmark-sized US dollar bonds, according to a lead.

The sovereign has set the yield for a June 2030 bond at 5.875%. The notes were first marketed at 6% area.

The yield has been set for a June 2048 note at 6.30%. The tranche was initially marketed at 6.375% area.

The combined order books are around US$4.3bn.

The deal is today’s business via Deutsche Bank/Nedbank, JP Morgan, Rand Merchant Bank and Standard Bank.

South Africa is rated Baa3/BB/BB+. (Reporting by Robert Hogg; editing by Sudip Roy)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below