By Aleesia Forni
Virginia Beach, Va., July 31 - Eskom Holdings SOC Ltd. sold $1 billion 6¾% notes (Baa3) due 2023 at 99.017 to yield 6 7/8% on Tuesday, according to a market source.
The source added that the book was $4.3 billion.
Citigroup and Barclays were bookrunners for the Rule 144A and Regulation S deal.
Eskom Holdings is an electricity provider based in Johannesburg.
| Issuer: | Eskom Holdings SOC Ltd.
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | Aug. 6, 2023
|
| Bookrunners: | Citigroup, Barclays
|
| Coupon: | 6¾%
|
| Price: | 99.017
|
| Yield: | 6 7/8%
|
| Trade date: | July 30
|
| Rating: | Moody's: Baa3
|
| Distribution: | Rule 144A and Regulation S
|
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