The past month saw diverse
issuances in the credit markets, with
almost all major sectors making
an appearance.
A LITTLE-LOVED
SECTOR
Basil Read raised a cumulative
R205m this month by privately
placing numerous floating rate
notes. While the construction
company has a national scale rating
of BBB+ from Global Credit Ratings,
which is investment grade, the
pricing on the company’s notes was
closer to a speculat