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EDHS Contemporary World Affairs -> Discussion Topics, Week L -> South Africa Plans to Sell $1 Billion Eurobond ‘Soon’
Post Info TOPIC: South Africa Plans to Sell $1 Billion Eurobond ‘Soon’
LaurrenM


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South Africa Plans to Sell $1 Billion Eurobond ‘Soon’
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South Africa may sell $3 billion worth of 10-year Eurobonds in the next three years

Lungisa Fuzile said, The original plan is to raise $1 billion in each of the next three years, but it depends on the price.

 We get a sense that investors seem to like the 10-year area, Fuzile added when asked about the planned duration of the bond. He declined to give further information until a decision has been made.

Natonal Treasury appointed JPMorgan Chase & Co. and Barclays Plcs Absa Group Ltd. to lead the sale, spokeswoman Thoraya Pandy said separately in a telephone interview today.


Think they can pay it back ?

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Luis777


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yea i think so

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geriatric1991


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No way. Look at the US. it only grows and grows and grows.

-- Edited by geriatric1991 on Wednesday 6th of May 2009 05:50:54 PM

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Jaymie Parkkinen
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Decreasing returns in taxes. Increasing bills to meet. Money is worthless the more we spend. I think we are in for another Paul Volcker and Reagan to save us. I just hope the next reagan will not spend as much.

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Bam


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I don't know, maybe they might pay off their dept. I guess we'll find out in three years

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By : DOMINIC
ich_binJason


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yeah paying the department is pretty important.



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EDHS Contemporary World Affairs -> Discussion Topics, Week L -> South Africa Plans to Sell $1 Billion Eurobond ‘Soon’


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