Reuters: US Dollar Report: UPDATE 1-Transnet issues $1 bln Eurobond at 4.141 pct

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UPDATE 1-Transnet issues $1 bln Eurobond at 4.141 pct Jul 20th 2012, 11:59 Fri Jul 20, 2012 7:59am EDT JOHANNESBURG, July 20 (Reuters) - South African state rail freight group Transnet said on Friday its $1 billion Eurobond issued in the United States was oversubscribed and would be used to finance the group's capital investment programme. Transnet did not say by how much the issue, which has a coupon or interest rate of 4.0 percent, was oversubscribed by. IFR said it was fetching a yield of 4.141 percent. "The bond is the highest amount of money that has ever been raised by Transnet in a single issuance without a government guarantee. At 10 years to maturity, it is also the longest tenor ever issued by Transnet in the international debt capital markets," Transnet said in a statement. JP Morgan and Standard Bank acted as bookrunners.

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