Eskom to tap global bond markets

Reuters 7 September 2010.

South African power utility Eskom aims to issue bonds in the United States and Europe this year as part of a plan to raise up to $6,9-billion over the next three years, a top executive said on Tuesday. Eskom, which uses mainly coal-fired power stations to supply most of the power to Africa’s largest economy, needs funding for a planned multi-billion dollar programme to help alleviate chronic power shortages….

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