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Rwanda to Sell First International Bond
April 24, 2013--The Republic of Rwanda, scarred by its genocidal atrocities less than 20 years ago and, more recently, noted for its dependency on foreign financial aid, is set to ride the wave of cheap cash around the globe to issue its first international bond.
The deal, which is set to price Thursday, will mature in 10 years and total $400 million—equivalent to over 6% of the country's annual economic output.
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Source: Wall Street Journal
JSE slips as banks, industrials weigh
April 24, 2013--The JSE has lost initial gains to trade a tad weaker
as losses in the banking and industrial sectors overshadowed broad gains in the mining space.
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Source: FIN24
Bonds near record highs, rand steadies
April 24, 2013--SA bonds have traded near record highs supported by signs of weak global growth
while the rand trades at its strongest levels this week.
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Source: FIN24
JSE buoyed by strong industrials
April 23, 2013--The JSE has been firmer as industrials out-performed expectations
and countered losses on the resource counters.
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Source: FIN24
Bonds firmer on good auction
April 23, 2013--South African bonds have been firmer after a good weekly
bond auction.
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Source: FIN24
JSE turns negative as Dow weakens
April 22, 2013--The JSE has closed in the red as the Dow Jones industrial average weakened after
US blue chip machinery maker Caterpillar delivered worse than expected results.
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Source: FIN24
No apparent reason for weaker rand
April 22, 2013--The rand has been inexplicably weaker across the board as traders battled to give an explanation
for what caused the currency to fall as much as 10c to the dollar.
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Source: FIN24
Bonds firm on foreign demand
April 19, 2013--The South African bond market has been firm in quiet trade on
increase in foreign demand.
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Source: FIN24
JSE shows some recovery after slide
April 18, 2013--The JSE has been firmer after falling to a four-month low
as investors re-entered the market to pick up stocks at lower prices.
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Source: FIN24
Bonds supported, rand weakens
April 18, 2013--The yield spread on South African benchmark 2026 and 2015 bonds have narrowed to its lowest in a year,
while the rand has weakened on a softer euro.
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Source: FIN24