Savico Holdings To Sell High-Risk Bonds
Savcio Holdings, a privately owned South African repair firm, planned to sell high-risk yield-bonds, a statement from Barclays said yesterday.
The company would sell £115 million 9R851 million) of junk-rated bonds, a banker said. The senior bonds would be due in 2013 and the borrower would have the right to buy them back in 2010. The bonds would be sold after meetings with investors to be held between today and February 6.