By Christine Van Dusen
Atlanta, Feb. 6 – South Africa’s Eskom Holdings SOC Ltd. priced $1.25 billion notes due in 2025 with a yield of 7 3/8%, a market source said.
Deutsche Bank, Rand Merchant Bank and Standard Bank were the bookrunners for the Rule 144A and Regulation S deal.
Other pricing details were not immediately available on Friday morning.
Eskom Holdings is an electricity provider based in Johannesburg.
| Issuer: | Eskom Holdings SOC Ltd.
|
| Amount: | $1.25 billion
|
| Maturity: | 2025
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank, Rand Merchant Bank, Standard Bank
|
| Yield: | 7 3/8%
|
| Trade date: | Feb. 5
|
| Distribution: | Rule 144A and Regulation S
|
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