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South Africa euro-denominated benchmark 10-year guidance euro mid-swaps plus 60-65 bps, 4.55% area
By Paul A. Harris
St. Louis, March 29 - The Republic of South Africa provided guidance on its benchmark-sized offering of euro-denominated 10-year global bonds of euro mid-swaps plus 60 to 65 basis points, or approximately the 4.55% area on Wednesday, according to a market source.
The issue could be priced as early as Thursday, the source added.
Deutsche Bank and Standard Bank are joint bookrunners. Nedbank Capital and Rand Merchant Bank are co-managers.
Proceeds will be used for general government purposes.
Moody's Investors Service assigns its Baa1 rating to the notes. Standard & Poor's rates the notes BBB+.
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