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S.Africa's Transnet to issue bonds in U.S., Europe

Wed Nov 25, 2009 6:37am GMT
 

CAPE TOWN, Nov 25 (Reuters) - South African state-owned rail and logistics group Transnet [TRAN.UL] will launch a medium-term note programme next month and expects to issue bonds in the U.S. and Europe in 2010, acting Chief Executive Officer Chris Wells said on Friday.

"Transnet will launch its Global Medium-Term Note programme, to enable the company to raise bonds in Europe and the U.S., next month. The company expects to start tapping this programme in the next calendar year," Wells said in a statement. (Reporting by Wendell Roelf) ((marius.bosch@thomsonreuters.com; +27 11 775 3040; Reuters Messaging: marius.bosch.reuters.com@reuters.net))

(For more Africa cover visit: af.reuters.com -- To comment on this story email: SouthAfrica.Newsroom@reuters.com)

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