(Corrects Fitch rating in Thursday's story to BBB from BBB-)
By Abhinav Ramnarayan
LONDON, July 17 (IFR) - The Republic of South Africa has set
initial guidance levels on a dual-tranche dual-currency
SEC-registered bond transaction, according to a lead.
The sovereign, rated Baa1/BBB-/BBB, is marketing a 30-year
US dollar tranche at 240bp area over US Treasuries and a 12-year
euro tranche at mid-swaps plus 240bp area, the lead said.
Pricing is expected later today.
Barclays, Citigroup and Rand Merchant Bank are the
bookrunners. Investec is a co-manager.
(Reporting By Abhinav Ramnarayan, Editing by Helene Durand,