Swaziland Misses Bonds Sale Target on ‘Crazy Rates,’ Bank Says
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Swaziland sold one-fifth of the seven-year bonds it offered yesterday because the interest rates bidders wanted were too high, said Nobutula Dlamini, a spokeswoman for the country’s central bank.
“The rates bidders were seeking were just crazy,” Dlamini said by phone today from Mbabane, the capital.