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| Transnet’s R5 billion Eurobond | |
| Lead managers | Deutsche Bank |
| return to the Deals of the Year 2013 index | |
In a landmark deal on November 6 2013, Transnet, a state-owned freight-logistics company, became the first South African company to issue a rand-denominated bond on the international capital markets.
By setting the benchmark, Transnet hope to lead the way for other South African corporates to do the same.
The R5 billion ($442 million) issue over seven-and-a-half years was listed on the London Stock Exchange with a yield of 9.5%,
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