JOHANNESBURG (Reuters) – South Africa has sold a $1 billion 30-year bond and a 500 million euro 12-year instrument on the international market, with both transactions being more than three times oversubscribed, the Treasury said on Friday.
It said the dollar bond had a coupon rate of 5.375 percent, while the euro bond was priced at 3.75 percent. The bonds, sold mostly to U.S. and European investors, form part of South Africa's borrowing requirements for the 2014/15 financial year.
