South Africa’s public utility Eskom working on rand-denominated sukuk
Eskom Holdings, the South African public utility company, is seeking a legal advisor for a rand-denominated sukuk, according to a document issued by the company.
The request for proposal (RFP) dated June 24, invites legal services related to a local-currency sukuk issuance. A full copy of the RFP is available here.
Eskom said it revised its funding plans for financial years 2020/21 to 2024/25 and seeks to diversify funding sources and execute cost effective funding at acceptable risk.
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