Eskom debt is a buy because of ‘scarcity value,’ Citigroup says

The company is in the middle of a restructuring aimed at returning it to profit and lightening its R392 billion debt load.

2022-01-26 10:30:00 PM

Eskom bonds are enticing Citigroup Inc. analysts despite the long-running debt troubles of South Africa’s state-owned utility. Moneyweb PowerUtility

The company is in the middle of a restructuring aimed at returning it to profit and lightening its R392 billion debt load.

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Money can be made buying debt.