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Eskom 2021 Funding Drive at Risk (1/2)

SOUTH AFRICA
  • Analyst warns Eskom's R463bn in gross debt and poor outlook (R22bn FY20 loss) could get in the way of securing external funding.
  • 48% of Eskom's R40.7bn 2021 funding is secured - looking to possibly raise rest via syndicated loans
  • Eurobond maturing in Jan & syndicated loan in Feb expected to be funded with Govt support
  • interest payments of R36bn, R58bn required in 2020
  • Total interest of R142bn, capital payments of R197bn required to 2025
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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