https://www.engineeringnews.co.za

Eskom raises $1bn in second international bond

13th September 2013

By: Creamer Media Reporter

  

Font size: - +

Absa’s Corporate and Investment Banking division, acting as joint lead arranger, has raised $1-billion for State-owned power utility Eskom through a ten-year bond offering.

The transaction, which closed earlier this month, achieved $4-billion in investor demand and represented Eskom’s second dollar issuance since it embarked on its major expansion drive in 2004.

The latest issuance, which attracted 225 investors, followed a five-day roadshow with investors in London, Los Angeles, Boston and New York. As part of the transaction, Eskom established a $4-billion 144a/Regulation S global medium-term note programme.

“We are delighted to have successfully taken Eskom to the international capital markets for the second time in two years. The success of this transaction is an indication of international investor confidence in Eskom,” said Jacki Collins, director of emerging market debt capital markets at Absa’s parent company Barclays.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sulzer Pumps (SA) (Pty) Ltd
Sulzer Pumps (SA) (Pty) Ltd

Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...

VISIT SHOWROOM 
The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.048 1.461s - 122pq - 2rq
Subscribe Now