South African retailer Pepkor raises $66 mln in bond market

A shopper walks out of discount retailer PEP store at the Trade Route Mall, in Lenasia outside Johannesburg, South Africa, February 8, 2023.

Siphiwe Sibekoraised 1.2 billion rand in the South African bond market this week, the owner of South African clothing brands PEP and Ackermans said on Friday."Proceeds from the issuance will be used to replace existing programme funding and further strengthens the Group's liquidity and debt repayment profile," Pepkor said.Reporting by Anait Miridzhanian Editing by Alexander Winning

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