A planned Islamic bond announced by South Africa last year will be an international bond forming part of $1.5 billion in foreign issuance, Treasury Director General Lungisa Fuzile said on Wednesday. Fuzile did not specify a time frame for the launch, but said South Africa would undertake roadshows abroad to prepare markets.
“All that remains now is to take the money. We’ve done a Tokyo road show and we will do the U.S. and Europe and another leg in East Asia,” Fuzile told Reuters after the release of the 2013 national budget ………………………………………..Full Article: Source