Date: November 2023
Issuer: The RSA Domestic Sukuk Trustee
Obligor: Republic of South Africa
Size: R20.4 billion
Structure: Al-ijara
Tenor: 5.3, 7.3, 10.3, 12.3 years
Banks: BNP Paribas, Rand Merchant Bank, BNP Paribas, Standard Bank (joint lead managers, with BBBE-E partners Theza Capital and Africa Rising Capital)
As more countries choose to access Islamic liquidity in the international sukuk market, some are also tapping local-currency demand to further diversify their funding and investor base, and cultivate new domestic capital channels.
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