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 Budget Review made provision for US$3 billion equivalent to be raised in the international capital markets in 2021/22 to fund government’s foreign currency commitments.
“Given 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,” it said in a statement on Tuesday.
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.
“The 30-year bond priced at
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