JOHANNESBURG (Reuters) – South African state power utility Eskom plans to sell foreign debt in around two months following an improvement in investor sentiment, its chief executive said on Thursday.
An Eskom logo is seen at the entrance of their head offices in Sunninghill, Sandton, February 24, 2016. REUTERS/Siphiwe Sibeko
“We are seeing an increase in appetite from investors. From July last year to January we couldn’t even sell 1 billion rand ($78 million) of debt, but the situation has changed dramatically,” CEO Phakamani Hadebe.
“We plan a foreign issuance in around two months’ time.”
($1 = 12.8250 rand)
Reporting by Alexander Winning; Writing by Olivia Kumwenda-Mtambo; Editing by James Macharia
Advertisements