Friday, April 20, 2007

Absa sees good foreign interest in new notes

(Reuters) - South Africa's biggest retail bank Absa saw good foreign interest in recently launched senior debt notes and expected similar interest in longer-dated debt to be issued in coming months, a bank official said on Friday.

Absa's banking arm, Absa Bank Ltd. successfully launched its senior bond programme on Wednesday through an inaugural auction of 250 million rand worth of ABS5 bonds maturing in May 2015.


Read more at Reuters Africa

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