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Telkom taps demand for telecoms risk in South Africa

Telkom, South Africa's only fixed line operator, aimed to capitalise on demand for telecoms risk in the developing domestic bond market with the placing of a further R800m (€116m) bonds.

The deal for South African institutional investors was structured as an increase to an existing deal, Telkom's 10.75% issue due September 2003. The total size of the deal is now R3.5bn.

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