REPUBLIC OF SOUTH AFRICA - Republic of south Africa weekly auction levels and floating rate note announcement post MTBPS

Republic of south Africa weekly auction levels and floating rate note announcement post MTBPS

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




SENS ANNOUNCEMENT


WEEKLY BOND AUCTION LEVELS AND THE SUSPENSION OF FLOATING-RATE NOTE
AUCTIONS

To reduce issuance volatility and maintain a smoother pace of issuance, the National Treasury will
keep nominal auction levels constant. The weekly nominal auction levels will remain as follows:

  •   The fixed-rate government bond - R3.9 billion;

  •   The inflation-linked government bond - R1.2 billion; and

  •   The non-competitive auction will remain at 50 per cent; of which, 30 per cent will be allocated
      to the Electronic Trading Platform performance and 20 per cent allocated to the primary
      market auction participation.

After the successful issuance of R45 billion in the floating rate note (FRN), the National Treasury
will suspend the remaining FRN auctions in line with its internal risk benchmarks for 2022/23.

The FRN auction scheduled for the 09th of November 2022 will continue as per the published
calendar and will be the last auction for the current fiscal year.


For further enquiries contact:
Terry Bomela-Msomi
Director: Debt Issuance and Management
012 315 5136 / +27 66 289 2492
Date: 26 October 2022

Date: 26-10-2022 03:30:00
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