South Africa: Treasury Pulls Rabbit Out of Hat With U.S.$5 Billion Sale of Two International Bonds

[Daily Maverick] South Africa's Treasury has issued a pair of international bonds to the tune of $5-billion, the largest such transaction out of sub-Saharan Africa. It's a vote of investor confidence that Finance Minister Tito Mboweni can do with ahead of his medium-term budget speech in October and a looming Moody's downgrade.