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Prospect News home > News index > List of issuers E > Headlines for Edcon (Pty.) Ltd. > News item
Published on 2/5/2013 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

South Africa's Edcon plans €325 million-equivalent 9½% euro and dollar notes due 2018

By Christine Van Dusen

Atlanta, Feb. 5 - South Africa's Edcon Pty. Ltd. is planning a €325 million-equivalent offering of 9½% euro- and dollar-denominated notes due in 2018, according to a company announcement.

Proceeds from the Rule 144A and Regulation S deal will be used to finance the repurchase of the company's floating-rate notes due in 2014.

Edcon is a retail company based in Johannesburg.


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