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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
SSA
PRCD
SOAF
Republic of South Africa$3,500
2EMEA
Nov 12, 2024
currency
USD
size (m)
2,000.000
maturity
Nov 19, 2036
type
Fixed
tenor
12.000
call
-
registration
144A/Reg S
benchmark
-
ranking
Sr. Unsecured
moody's
Ba2
s&p
BB-
fitch
BB-
size description
-
re-open/tap
No
ipt
7.40% area
ipt-pxd
-
guidance
7.15% area
spread
-
coupon
7.100%
spread set
-
price
100.00000
yield
7.100%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
currency
USD
size (m)
1,500.000
maturity
Nov 19, 2054
type
Fixed
tenor
30.000
call
-
registration
144A/Reg S
benchmark
-
ranking
Sr. Unsecured
moody's
Ba2
s&p
BB-
fitch
BB-
size description
-
re-open/tap
No
ipt
8.25% area
ipt-pxd
-
guidance
8.00% area
spread
-
coupon
7.950%
spread set
-
price
100.00000
yield
7.950%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Registration: 144A/Reg S; Registration: 144A/Reg S;
Deal Comments
Republic of South Africa Government International Bond (SOAF) exp Ba2/BB-/BB- US$3.5bn 144A/Reg S 2-part sr notes (12y due 11/19/36 and 30y due 11/19/54). Citi (B&D)/GS joint books. UOP: The Republic intends to use the net proceeds to pay its foreign currency commitments, subject to Section 71 of the South African Public Finance Management Act, 1999. Marketing: https://www.netroadshow.com/nrs/home/#!/?show=95f13bfc. Pricing 11/12. Settle 11/19. IPTs: 12y 7.40% area, 30y 8.25% area.GUIDANCE: 12y 7.15% area, 30y 8% area.LAUNCHED: $2bn 12y at 7.10%, $1.5bn 30y at 7.95%. PRICED:$2bn 7.10% 11/19/36 100.00 7.10%.$1.5bn 7.95% 11/19/54 100.00 7.95%.

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