Fin24

Transnet plans $500m bond

2012-06-28 10:14

Johannesburg - South African logistics group Transnet plans to issue a foreign currency bond of at least $500m this financial year to help fund its expansion programme, its chief executive said on Thursday.

Brian Molefe made the comment to reporters on the sidelines of an American Chamber of Commerce event.

Transnet’s current financial year runs until March 2013.

 

Comments
  • capetownphotographer - 2012-06-28 10:56

    I cannot be the only one who sees the reality of issuing a foreign currency bond? IMF much?

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