South Africa to issue dollar-denominated notes due 2028, 2046

By Christine Van Dusen

Atlanta, Sept. 28 – South Africa is planning to issue dollar-denominated notes due in 2028 and 2046, according to an announcement from the sovereign

Barclays Bank, HSBC, JPMorgan and Nedbank are the bookrunners for the deal, which will run concurrently with a tender offer.

The proceeds will be used for general purposes of the government, including financial investment and the refinancing, repurchase or retiring of domestic and external debt. A portion of the proceeds will also be used for liability management transactions, including the payment of the purchase price for the old notes.

The new notes are expected to price on Thursday.

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