Capital Market - Bonds
A Bond is a Debt Investment in which an Investor loans money to an entity (corporate or governmental), which borrows the funds for a defined period of time at a fixed interest rate.Click HERE to read more.
Stock (Shares) vs Bonds (Loans)
Loans + Shares Combination
E-toll Collections Deteriorating Even Further
Even if the request to treasury is granted, immediate pressure on Sanral finances may remain as bond auctions don’t deliver the desired results. On Wednesday Sanral’s latest bonds auction saw only one participating bidder, down from eleven a year ago.
Sanral hoped to raise R600 million, but received bids for only R320 million and at a premium rate of 99 basis points – 8 basis points wider than the current mark-to-market rate. As a result Sanral only allocated R270 million of HWAY35 bonds, Sanral CFO Inge Mulder told Moneyweb. No bids were received for the HWAY34 bonds on offer.Even if the request to treasury is granted, immediate pressure on Sanral finances may remain as bond auctions don’t deliver the desired results. On Wednesday Sanral’s latest bonds auction saw only one participating bidder, down from eleven a year ago. CLICK the above LINK in Red for the Full Moneyweb Article.
