South Africa companies are becoming
reluctant to raise long-term funding as the country’s economic outlook
deteriorates, according to Standard Bank Group, Africa’s biggest
arranger of corporate bonds.
About 74% of corporate bonds issued
in South Africa had maturities of three years or less, compared with 42% in 2014,
Standard Bank data showed. Debt with maturities of five and seven years
dropped to 26% of total sales excluding issuance by banks, from 54% last
year.
