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South Africa issues $1.5 billion 12-year eurobond-Treasury.

South Africa's National Treasury issued a $1.5 billion 12-year bond in global markets that attracted $3 billion of bids, it said in a statement on Tuesday.

The bond was priced at a coupon of 4.665 percent, a spread of 270 basis points above the 10-year U.S. Treasury's benchmark bond.

Treasury said in a statement the transaction reflected investor confidence in South Africa's credit rating despite concerns emanating from Europe's sovereign debt crisis.

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