Eskom has engaged legal advisers to structure a new domestic medium-term note (DMTN) programme, aiming to raise billions of rands from South Africa's domestic debt capital markets.
The utility intends to use the proceeds to fund critical infrastructure projects and operational needs, marking a significant step in its financing strategy.
The move represents a substantial addition to the pipeline of domestic corporate and quasi-governmental debt.
By turning to the local bond market, Eskom seeks to diversify its funding sources and secure capital for essential grid and generation upgrades.
The scale of the programme, described as multibillion-rand, suggests a material impact on local liquidity and yield dynamics if executed in full.
This development follows a period of intense scrutiny over Eskom's financial health and debt burden.