Absa CIB arranged Treasury’s R11.8bn infrastructure bond

Absa Corporate and Investment Banking (CIB) acted as sole lead arranger and infrastructure finance structuring agent for the National Treasury’s R11.8-billion Infrastructure and Development Finance Bond, which was issued this week to support projects under the Government’s Budget Facility for Infrastructure. The transaction was executed under the Domestic Multi-Term Note Programme and comprised two senior unsecured fixed-rate tranches, the RI2036 and RI2041, both offering semi-yearly coupon payments.