South Africa: Rand Water Raises R1.7 Billion in Capital Markets

Minister of Human Settlements, Water and Sanitation, Lindiwe Sisulu, has congratulated Rand Water for successfully arranging an auction of just over R1.7 billion in senior and sustainability-linked notes, attracting over R4.5 billion in capital market bids.

In a statement on Thursday, the Ministry of Human Settlements, Water and Sanitation said the auction comes when the capital markets are considered closed for funding of state-owned companies (SOC), making this a remarkable milestone in the sector.

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