Banks, Investor Push to Solve $32 Billion Eskom Debt Crisis
- Africa’s largest fund manager could take on some Eskom debt
- Utility’s yield premium narrows as confidence grows on rescue
Eskom has become mired in debt as a result of overspending on projects.
Photographer: Dwayne Senior/BloombergThis article is for subscribers only.
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Nedbank Group Ltd. is leading discussions to restructure South African power utility Eskom Holdings SOC Ltd.’s 464 billion ($32 billion) debt load, according to people familiar with the talks.