- South Africa’s Eurobond draws $13.1bn in global demand
- Lower yields boost fiscal space and investor confidence
JOHANNESBURG, SOUTH AFRICA – South Africa has won strong global investor backing with a $3.5 billion Eurobond issuance that drew $13.1 billion in orders.
The offering, oversubscribed 3.7 times, secured sharply lower borrowing costs than in 2024. It comprised 12-year and 30-year tranches priced at 6.25% and 7.375%, respectively – well below last year’s levels of 7.1% and 7.95%.
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