Wednesday, June 20, 2007

Namibia utility to raise R3 bln in bonds for growth

(Reuters) - Namibia's national power utility plans to raise 3 billion rand to expand its transmission network to neighbour Zambia, the company said on Wednesday.

Half of the money would be raised at the South African Bond Exchange, and the rest would be raised in Namibian bonds, a South African bond official close to the deal told Reuters.


Read more at Reuters Africa

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