South Africa concludes Sukuk

The Sukuk transaction investor distribution consisted of 59% from the Middle East and Asia, 25% from Europe, 8% from the USA and the balance from the rest of the world. The Sukuk was priced at 3.90% profit rate.

The South African Treasury stated “The investor distribution represents a resounding success in building a more diversified investor base for South Africa and further demonstrates confidence by investors in the government’s ability to maintain its sustainable macro-economic policy framework coupled with prudent fiscal management”

Full details of the Sukuk can be found in our Sukuk profile section here.