Friday, July 6, 2007

Absa Bank raises 600 mln euros in bond issue

(Reuters) - South African banking group Absa said on Friday its Absa Bank unit raised 600 million euros in an unsecured bond issue.

The bank increased the issue size from an expected 500 million euros due to strong demand across Europe, resulting in oversubscription of 1.55 times, a statement said.


Read more at Reuters Africa

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