South Africa returns with dual-tranche USD2bn
17 May 2018Tranche A: USD1.4bn, coupon 5.875%, due 22 June 2030. Reoffer 99.992, spread T+280.5bp, yield 5.875%.
Tranche B: USD600m, coupon 6.30%, due 22 June 2048. Reoffer 99.991, spread T+310.1bp, yield 6.30%.
Common terms: SEC registered global. Snr unsecured. Ratings Baa3/BB/BB+. Denoms 200k/1k. List Lux.
