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South Africa's Sasol sets guidance for euro-denominated five-year bonds at mid-swaps plus 85 bps area
By Reshmi Basu
New York, June 21 - Sasol Ltd. set initial price guidance for an offering of euro-denominated five-year bonds (Baa1/BBB) in the area of mid-swaps plus 85 basis points, according to a market source.
The size of the deal is expected to total €250 million.
Marketing is scheduled to wrap up in London on Wednesday.
ABN Amro and Dresdner Kleinwort Wasserstein are running the Regulation S transaction.
The prospective issuer is a Johannesburg, South Africa-based petrochemical company.
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