{"id":221961,"date":"2022-04-12T16:05:05","date_gmt":"2022-04-12T14:05:05","guid":{"rendered":"https:\/\/www.myza.co.za\/sa-places-us3-billion-in-bonds-international-capital-markets\/"},"modified":"2022-04-12T16:05:05","modified_gmt":"2022-04-12T14:05:05","slug":"sa-places-us3-billion-in-bonds-international-capital-markets","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/sa-places-us3-billion-in-bonds-international-capital-markets\/","title":{"rendered":"SA places US$3 billion in bonds international capital markets"},"content":{"rendered":"
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The South African government has successfully placed US$3 billion in bonds maturing in 2032 and 2052 in the international capital markets on 11 April 2022, the National Treasury has announced.<\/p>\n

In a statement, the Treasury said of this, US$1.4 billion and US$1.6 billion would be placed in the 2032 and 2052 tranches respectively.<\/p>\n

The 2022 Budget Review made provision for US$3 billion equivalent to be raised in the international capital markets in 2021\/22 to fund government\u2019s foreign currency commitments.<\/p>\n

 \u201cGiven the volatility in the market over the period, the decision to raise the foreign currency was delayed in accessing the market in a more constructive issuance window,\u201d it said in a statement on Tuesday.<\/p>\n

It said the 10-year bond priced at a coupon and re-offer yield of 5.875 per cent, which represents a spread of 309 basis points above the 10-year US Treasury benchmark bond.<\/p>\n

\u201cThe 30-year bond priced at a coupon and re-offer yield of 7.300 per cent which represents a spread of 447 basis points above the 30-year US Treasury benchmark bond.<\/p>\n

\u201cThe final yields reflect a tightening of 37.5bps and 45bps from Initial Price Thoughts on the 10-year and 30-year instruments respectively. The transaction attracted an order book more than US$7.1 billion (2.4 times oversubscribed) with investor demand across the United Kingdom, North America, Europe, Asia, Africa and others. With respect to investor profile, demand came from a combination of Fund Managers, Insurance and Pension Funds, Hedge Funds, Banks and other Financial Institutions.\u201d<\/p>\n

Treasury said the South African government viewed the success of the transaction as an expression of continued investor confidence in the country\u2019s sound macro-economic policy framework and prudent fiscal management.<\/p>\n

\u201cThe National Treasury mandated Absa Bank\/HSBC (consortium), Deutsche Bank\/Nedbank (consortium) and Rand Merchant Bank as Joint Lead Managers. The empowerment partners for the respective banks were: Tysys Advisory, Nations Capital Advisors; Rho Capital; and THEZA Capital,\u201d reads the statement. \u2013 SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The South African government has successfully placed US$3 billion in bonds maturing in 2032 and 2052 in the international capital markets on 11 April 2022, the National Treasury has announced. In a statement, the Treasury said of this, US$1.4 billion and US$1.6 billion would be placed in the 2032 and 2052 tranches respectively. The 2022 […]<\/p>\n","protected":false},"author":1,"featured_media":221962,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-221961","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-south-africa","8":"tag-sanews","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/04\/sa-places-us3-billion-in-bonds-international-capital-markets.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/221961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=221961"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/221961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/221962"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=221961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=221961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=221961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}