By Sarah Lizee
Olympia, Wash., April 25 – Eskom Holdings SOC Ltd. priced a ZAR 300 million tap of its floating-rate notes due April 20, 2021, according to a notice.
The additional notes bring the issue size up to ZAR 500 million.
The notes have a coupon of Jibar plus a spread of 150 basis points, for an initial 8.4% coupon rate as of April 20. Interest is payable quarterly.
The bonds will be listed on JSE Ltd.
Eskom Holdings is an electricity provider based in Johannesburg.
| Issuer: | Eskom Holdings SOC Ltd.
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| Issue: | Floating-rate notes
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| Amount: | ZAR 300 million
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| Maturity: | April 20, 2021
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| Price: | Par
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| Coupon: | Jibar plus 150 bps, payable quarterly
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| Announcement date: | April 25
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| Settlement date: | April 26
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| Total deal size: | ZAR 500 million, including ZAR 200 million priced previously
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