REPUBLIC OF SOUTH AFRICA - National Treasury's increase in weekly bond auction levels

National Treasury's increase in weekly bond auction levels

National Treasury 
REPUBLIC OF SOUTH AFRICA
Private Bag X115, Pretoria, 0001. Tel: (+27 12) 315 5753. 



                    SENS ANNOUNCEMENT


INCREASE IN WEEKLY BOND AUCTION LEVELS



Additional financial support to Eskom and the preliminary indication of tax revenue shortfall
relative to 2019 Budget has resulted in a revised funding strategy and an increase in
government borrowing requirement for 2019/20. The National Treasury hereby announces
an increase in the fixed-rate and inflation-linked bonds weekly auction levels as follows;

   -   The fixed-rate bond auction amount will increase by R1 230 million, from
       R3 300 million to R4 530 million.
   -   The inflation-linked bond auction amount will increase by R280 million, from
       R760 million to R1 040 million.

There shall be no further switch auctions for the rest of the 2019/20, as the
National Treasury is currently reviewing its bond switch auction programme. In line with
recent issuance patterns, the National Treasury remains committed to shortening the
average maturity per auction for fixed-rate bonds.

The increase will be effective for the fixed-rate and inflation-linked bond auctions as of
06 August and 16 August 2019 respectively.


For further enquiries contact:



S Shange
Director: Debt Issuance and Management
012 315 5753
Date: 31 July 2019

Date: 31/07/2019 09:47:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.