REPUBLIC OF SOUTH AFRICA - Market making obligation on R2023

Market making obligation on R2023

National Treasury
REPUBLIC OF SOUTH AFRICA
Private Bag X115, Pretoria, 0001. Tel: (+27 12) 315 5640. Fax: (+27 12) 323 1783




                                   
SECONDARY MARKET MAKING OBLIGATION ON THE R2023 (7.75%: 2023) BY
THE PRIMARY DEALERS IN FIXED RATE GOVERNMENT BONDS OF THE
REPUBLIC OF SOUTH AFRICA

                                Wednesday 05 September 2012

The Primary Dealers in fixed rate bonds of the Republic of South Africa are required to
constantly provide liquidity in the secondary market by quoting a two way price on
request, on bonds that have R10 billion and more outstanding.

The fixed rate bond, R2023 (7.75%:2023) has reached the R10 billion, consequently,
Primary Dealers are obliged to make market as stipulated in the rules in respect of the
Primary Dealers in fixed rate bonds of the government of the Republic of South Africa.

The R2023 should be quoted at nominal minimum amounts of R10 million between
Primary Dealers as well as other market participants, at the maximum bid-offer spread of
10 basis points.



For further enquiries contact:




P Maseko                               M Ratsoma
Director:                              Chief Director:
Domestic Debt Management               Liability Management
012 315 5610                           012 315 5337

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