S.Africa plans to issue 2024 international bond

JOHANNESBURG (Reuters) - South Africa plans to issue about 1 billion dollars of a 12-year bond in the international markets on Tuesday, traders said. The bond is in line with the Treasury's budget plans to tap international markets for about a billion dollars a year for the next two years after issuing 750 million dollars in a 30-year bond in March 2011. IFR Markets said the bond's initial pricing had tightened 5 basis points to 270 basis points from 275 basis points earlier. The deal is led by Barclays Capital and Citygroup, and Treasury is expected to announce final pricing on Tuesday. ...