FirstRand To Raise $300M Via Bond Sale

FirstRand Bank is seeking to offer about $300 million in bonds.

FirstRand Bank is seeking to offer about $300 million in bonds, Bloomberg reports. The size and currency of the debt issue buy the South African lender will depend on investor demand. JPMorgan Chase, Mitsubishi UFJ Securities, Standard Chartered and UBS will manage the bond sale. FirstRand had postponed a $720 million five-year bond sale in euro, pounds, rand or yen in April 2010.

Click here for the story from Bloomberg.