South Africa Mulls New Eurobonds After $2 Billion Redemption

South Africa’s National Treasury said it’s considering tapping the Eurobond market to replenish cash reserves after it repaid a $2 billion bond that matured this week.

The notes were redeemed using existing cash reserves as well as foreign exchange raised from sources including multilateral lenders, Terry Bomela-Msomi, head of funding and liability management at the Treasury, said in in an email on Wednesday.