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South Africa Raises Borrowing Requirement to Fund Bond Buyback

Source: Bloomberg

Fiscal Policy & BudgetCredit & Bond MarketsSovereign Debt & Ratings

South Africa raised its borrowing requirement for the current fiscal year by 54.2 billion rand ($3.3 billion), mainly to fund a domestic bond buyback program. The buybacks are intended to smooth redemption payments; the article provides no further market or fiscal impact figures.

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