The financing of Eskom’s multi-year funding requirements necessitate issuance of debt in the domestic and international debt capital markets. Domestic bonds are issued under our registered Domestic Multi Term Note (DMTN) programme as guaranteed by the Government of South Africa.
The extent to which international funding would be utilised is subject to the diversification of the funding sources, relative pricing, tenor and available volume compared to existing and other potential sources of funding. Eskom also accessed the international debt capital markets to maintain a presence in these markets and to extend its credit profile.