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Market making press release R2044
National treasury
Department:
National Treasury
REPUBLIC OF SOUTH AFRICA
Private Bag X115, Pretoria, 0001. Tel: (+27 12) 315 5640. Fax: (+27 12) 323 1783
MEDIA STATEMENT
OBLIGATION OF PRIMARY DEALERS IN FIXED RATE GOVERNMENT BONDS TO
IMPROVE LIQUIDITY IN THE SECONDARY MARKET ON THE R2044 (8.75%: 2044)
BOND
The primary dealers in fixed-rate government bonds of the Republic of South Africa are
required to constantly improve liquidity in the secondary market by quoting a two-way
price on the bonds that have an outstanding amount of R10 billion and more.
The outstanding amount on the R2044 (8.75%: 2044) bond has reached the R10 billion
mark and consequently primary dealers are obliged to quote a two-way price on this
bond as stipulated in the rules of the primary dealers in fixed-rate government bonds of
the Republic of South Africa.
The R2044 (8.75%: 2044) bond should be quoted at a maximum bid-offer spread of
10 basis points and a minimum amount of R10 million between primary dealers and
other market participants.
For further enquiries contact:
T Moahloli M Ratsoma
Director: Debt issuance and Management Chief Director: Liability Management
012 315 5140 012 315 5337
Issued by National Treasury
Date: 01 October 2014
Date: 01/10/2014 02:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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