By Christine Van Dusen
Atlanta, March 1 - South Africa priced $750 million of 6¼% notes due March 8, 2014 (A3/BBB+/BBB-) to yield 6.292%, or Treasuries plus 180 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes priced at the low end of talk of Treasuries plus 190 bps area.
Citigroup, Deutsche Bank were the bookrunners for the SEC-registered deal, with Rand Merchant Bank as co-manager.
Proceeds will be used for general governmental purposes.
| Issuer: | South Africa
|
| Amount: | $750 million
|
| Maturity: | March 8, 2041
|
| Description: | Global notes
|
| Bookrunners: | Citigroup, Deutsche Bank
|
| Co-manager: | Rand Merchant Bank
|
| Coupon: | 6¼%
|
| Price: | 99.437
|
| Yield: | 6.292%
|
| Spread: | Treasuries plus 180 bps
|
| Trade date: | March 1
|
| Settlement date: | March 8
|
| Expected ratings: | Moody's: A3
|
| Standard & Poor's: BBB+
|
| Fitch: BBB-
|
| Distribution: | Securities and Exchange Commission registered
|
| Price talk: | Treasuries plus 190 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
