South Africa Raises Borrowing Requirement to Fund Bond Buyback
South Africa lifted its borrowing requirement in the current fiscal year by 54.2 billion rand ($3.3 billion), mainly to finance a domestic bond buyback program designed to smooth out redemptions.
By S'thembile Cele · Bloomberg Markets
South Africa lifted its borrowing requirement in the current fiscal year by 54.2 billion rand ($3.3 billion), mainly to finance a domestic bond buyback program designed to smooth out redemptions.