Banks, investors push to solve $32bn Eskom debt crisis ...Qatar

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Nedbank Group Ltd is leading discussions to restructure South African power utility Eskom Holdings SOC Ltd’s 464 billion ($32 billion) debt load, according to people familiar with the talks. The parties met in recent days, and one of the options is to transfer at least 100bn rand of debt to a special-purpose vehicle that would be overseen by the Public Investment Corp, Africa’s biggest fund manager, the people said. “Eskom intends to work constructively with all its creditors to develop a plan that will improve the company’s balance sheet while adequately catering for the requirements of its lenders and other stakeholders,” the utility said in response to questions. “The utility is in regul

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Last updated : 20 February 2021 clock 10:01 PM

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Banks, investors push to solve $32bn Eskom debt crisis ...Qatar

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