26 Sep 2011

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Goldman issues R1.25bn SA bond

Reuters

Johannesburg - Goldman Sachs said on Sunday it had issued a R1.25bn five-year floating rate bond in South Africa, the continent's largest capital market.

Goldman said it was the first non-African multinational to raise any local currency debt in South Africa this year.

The money raised will be used to support Goldman's local and international operations, it added.

Goldman and Standard Bank Group [JSE:SBK] were lead arrangers of the September 23 issue, which was placed entirely in the institutional market.

 
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