REPUBLIC OF SOUTH AFRICA - National Treasury Auction level increase post tabling of the Supplementary Budget 2020

National Treasury Auction level increase post tabling of the Supplementary Budget 2020

 Department of National Treasury
 REPUBLIC OF SOUTH AFRICA
 Private Bag X115, Pretoria, 0001. Tel: (+27 12) 315 5944. Fax: (+27 12) 407 9055




 SENS ANNOUNCEMENT



WEEKLY BOND AUCTION LEVELS INCREASE


On 24 June 2020, the Minister of Finance delivered a Supplementary Budget. The Supplementary
Budget reflects the development since the implementation of the National Lock down in March, the
impact of which could have never been predicted at the February Budget. Therefore, the National
Treasury would like to announce the increase to the weekly auction level amounts, so as to cover
the budget deficit contained in the Supplementary Budget.


         *The fixed-rate government bond auction amount will be increased by
           R500 million to R6 600 million effective from auction to be conducted on 7 July 2020


         *The weekly inflation-linked government bond auction amount will be increased by
           R600 million to R2 000 million effective from auction to be conducted on 3 July 2020

         *The non-competitive auction will remain at 100 per cent with 60 per cent allocated to the
         Electronic Trading Platform performance and 40 per cent allocated to the primary market
         auction participation.


The National Treasury will continue to closely monitor the funding program and work at balancing
the funding needs and market consideration.



For further enquiries contact:



S Shange
Director: Debt Issuance and Management
012 315 5753 / +27 60 969 3755
Date: 26 June 2020

Date: 26-06-2020 03:00:00
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