South Africa talks euro notes due 2026, dollar notes due 2044

By Christine Van Dusen

Atlanta, July 17 – South Africa set talk for a two-tranche issue of euro- and dollar-denominated notes due in 2026 and 2044, a market source said.

The euro notes due July 2026 were talked at a spread in the mid-swaps plus 240 basis points area.

The dollar notes due 2044 were talked at a spread in the Treasuries plus 240 bps area.

Barclays, Citigroup and Rand Merchant Bank are the lead managers. Investec is the co-lead manager for the Securities and Exchange Commission-registered deal.

The proceeds will be used to repay maturing debt and for general governmental purposes.

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