Thursday, May 31, 2007

S.Africa's Eskom to issue 350 mln rand of bonds

(Reuters) - South Africa's electricity utility Eskom will issue up to 350 million rand worth of ES26 bonds on June 4, the company said on Thursday.

Eskom, which is planning massive investment to boost tight power capacity in Africa's biggest economy, said the bond's bidding methodology would be on a spread basis to the government's R186 bond due 2026.


Read more at Reuters Africa

No comments: