Tuesday, April 3, 2007

S.Africa's Eskom to auction bonds of 350 mln rand

(Reuters) - South Africa's electricity utility Eskom will issue up to 350 million rand worth of ES26 bonds on April 18, the company said on Tuesday.

Eskom, which is planning massive investment to boost tight power capacity in Africa's biggest economy, said the bond's bidding methodology would be on a spread basis to the government's R186 bond due 2026.


Read more at Reuters Africa

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