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Republic of South Africa-Floating rate note announcement
Department: National Treasury
REPUBLIC OF SOUTH AFRICA
Private Bag X115, Pretoria, 0001. Tel: (+27 12) 315 5640. Fax: (+27 12) 323 1783
SENS ANNOUNCEMENT
FLOATING RATE NOTE ISSUANCE
Government remains committed to developing South Africa’s capital markets by providing
a diversified portfolio of funding instruments. In an announcement, dated 23 February
2023, the National Treasury communicated plans to issue into the existing floating-rate
note and to issue a new floating-rate note. This will be done through the continuation of
issuance into the existing RN2027 in addition to a new 7-year floating-rate note, maturing
in September 2030.
The floating rate note will be available as collateral for repo transactions and further
information on the new 7-year floating rate note will be provided by a subsequent SENS
announcement.
Both instruments will be included in the floating rate note auction taking place on 12 April
2023, the cumulative maximum amount that can be allocated per auction has been
provisionally set at R13 billion for 2023/24. The auctions will be conducted monthly; an
auction calendar has been published on the investor relations website.
For further enquiries contact:
Terry Bomela-Msomi
Director: Debt Issuance and Management
012 315 5136 / +27 66 289 2492
Date: 31 March 2023
Date: 31-03-2023 09:30:00
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