REPUBLIC OF SOUTH AFRICA - National Treasury's reduction in weekly fixed-rate bond auction levels

National Treasury's reduction in weekly fixed-rate bond auction levels

 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



REDUCTION IN FIXED-RATE WEEKLY BOND AUCTION LEVELS



The preliminary outcome for 2020/21 shows a gross borrowing requirement that is lower
than the revised budget. This is as a result of revenue collections being higher than
expected. As a result, the National Treasury hereby announces further reduction in weekly
auction levels for fixed-rate bonds by R900 million from R4 800 million to R3 900 million
effective from auction to be conducted on 11 May 2021. The inflation-linked bonds will
remain unchanged at R1 200 million.

The fixed-rate non-competitive bond auction amount will remain at 50 per cent of the new
auction levels -split between the Electronic Trading Platform (ETP) and primary auction at
60 per cent and 40 per cent, respectively.


For further enquiries contact:


Terry Bomela - Msomi
Director: Debt Issuance and Management
012 315 5136 / +27 66 289 2492
Date: 03 May 2021

Date: 03-05-2021 04:16:00
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