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Treasury Reportedly Considering Samurai Bond Sale

SOUTH AFRICA
  • Bloomberg report that the South African Treasury are considering the sale of a Samurai bond for the first time in over 20 years, citing the war in Ukraine and rising rates as bringing pressure on domestic borrowing rates.
  • “I think the volatility in the market that we’re seeing is forcing us toward alternatives,” Terry Bomela-Msomi, director of debt issuance at the National Treasury, said in an interview. “If we look at some of the Samurai funding, for example, it does tend to look a little bit cheaper than what we would achieve in terms of our typical European issuance.”
  • The piece adds that other instruments being mulled include a new inflation-linked bond, green debt, a domestic sukuk and GDP-linked securities, he said.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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