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.
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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. Read on Engineering News >