The Industrial Development Corporation (IDC) has issued a R 2.05-billion inaugural sustainability bond, surpassing the R1.5-billion target with an order book of R3.46-billion. The bonds were issued across five, seven, ten and 12-year tenors, with strong demand at the long end, demonstrating investor confidence in the IDC.
IDC is a Massachusetts-based market research firm that provides services such as market intelligence and advisory for industries including IT and telecommunication.