Eskom's Phakamani Hadebe: Eskom will soon sell foreign bonds

The decision comes as investor sentiment starts to look up for the power utility.

Eskom CEO Phakamani Hadebe has said that the state-owned power utility intends to sell foreign debt in around two months’ time. This, following an improvement in investor sentiment, says Reuters.

Hadebe said:

“We are seeing an increase in appetite from investors. From July last year to January, we couldn’t even sell R1 billion ($78 million) of debt, but the situation has changed dramatically. We plan a foreign issuance in around two months’ time.”