South Africa issues first sovereign infrastructure bond to fund development projects
Skyline of Johannesburg, South Africa, on July 29, 2025. South Africa raises $692 million through its first infrastructure bond to boost funding for priority public projects and attract private investment.
South Africa's National Treasury has raised 11.795 billion rand (about $692 million) under the country's first Infrastructure and Development Finance Bond, a major step in boosting funding for priority public infrastructure.
According to a statement issued on Tuesday by the National Treasury, the auction attracted strong market interest, with bids exceeding 26 billion rand and achieving a 2.2-times subscription rate.
