Eskom to auction ES18 bond

ESKOM said yesterday it would auction up to R500million of its ES18 bond next Wednesday.

ESKOM said yesterday it would auction up to R500million of its ES18 bond next Wednesday.

The minimum bids allowed would be R1million and the bidding methodology would be on a spread basis to the government's 2018 bond.

The Treasury had said it would offer Eskom loan guarantees of R176billion over five years to boost capacity as it struggles to meet power demand. - Reuters

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