JOHANNESBURG (Reuters) - South African power utility Eskom launched a $1 billion, 10-year bond at a yield of 6.875 percent on Tuesday, Chief Executive Brian Dames told Reuters. The bond was four times subscribed, with the order book coming in around $4.3 billion. "It's an expression of international investor confidence in Eskom and South Africa," Dames said. Eskom, which provides 95 percent of the power to Africa's biggest economy, needs 300 billion rand for capacity expansion, 83 percent of which had been secured, the company said at a results presentation this month. ...
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