The dollar bond was priced at a coupon (interest rate) of 5.375 per cent which represents a spread of 220 basis points above the 30-year US Treasury s benchmark bond.
The euro bond was priced at a coupon (interest rate) of 3.75 per cent which represents a spread of 225 basis points above the 12-year euro swap rate. The global investor base was primarily located in
Both transactions were more than three times oversubscribed. The South African government sees the success of the transaction as an expression of investor confidence in the country s stable political environment, sound macro-economic policy framework and prudent fiscal management.
This issuance forms part of
While we are pleased with the confidence that the investors have shown in the sovereign, we are cognisant of our immediate challenges and can therefore not afford to be complacent as a country, said Minister of Finance Nhlanhla Nene.
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