THE Finance Ministry reported “enthusiastic demand” on onday for a further $750-million in 9,125% global dollar bonds maturing in 2009. The total issue now stands at $1,25-million. Lead managers are Goldman Sachs and Morgan Stanley Dean Witter. “The department of finance is very pleased with the enthusiastic demand for the bond,” it said in a statement. “This reflects the favourable credit ratings recently announced for the Republic of South Africa.” The proceeds will be used for general government funding.
27