South Africa's Eskom bonds rise on Ramaphosa's pledge to split utility
02/08/2019 | 09:02 am
JOHANNESBURG (Reuters) - Dollar-denominated bonds issued by South African state power firm Eskom rose across the curve on Friday, a day after President Cyril Ramaphosa pledged to split the utility and support its balance sheet as part of a rescue plan.
At 0745 GMT, the 2023 issue rose 0.13 cent to trade at 98.66 cents in the dollar and the 2025 bond rose a similar amount to change hands at 98.69 cents, according to Tradeweb data.
(Reporting by Alexander Winning; Editing by James Macharia)
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