S.Africa rides investor demand to raise $5 bln from bonds sale

The South African government said on Tuesday it raised $5 billion from the sale of two new bonds in international…

The South African government said on Tuesday it raised $5 billion from the sale of two new bonds in international markets, as strong demand from investors helped it raise 25% more than it had originally planned. The transaction was more than twice oversubscribed with interest from insurance and pension funds, financial institutions, hedge funds and others from across nearly all continents.

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