Yields rise in weekly South Africa government bond auction

JOHANNESBURG, Dec 3 (Reuters) - South Africa's Treasury sold
a total of 4.53 billion rand ($308 million) worth of its 2030
, 2035 and 2040 instruments on
Tuesday.
Yields were higher compared with the previous auctions.

R2030 BOND: Jan 31, 2030 - 8 pct coupon
Auction date 03/12/19 19/11/19
Best bid % 9.110 9.020
Worst bid % 9.300 9.220
Clearing yield % 9.205 9.100
Total bids (R'bln) 3.755 6.020
Allocated (R'bln) 1.510 1.510
Bid-to-cover-ratio 2.5 3.9
R2035 BOND: Feb 28, 2035 - 8.875 pct coupon
Auction date: 03/12/19 19/11/19
Best bid % 9.790 9.680
Worst bid % 10.025 9.900
Clearing yield % 9.885 9.770
Total bids (R'bln) 3.750 5.320
Allocated (R'bln) 1.510 1.510
Bid-to-cover-ratio 2.5 3.5
R2040 BOND: Jan 31, 2040 - 9 pct coupon
Auction date 03/12/19 12/11/19
Best bid % 10.100 9.990
Worst bid % 10.325 10.250
Clearing yield % 10.205 10.075
Total bids (R'bln) 3.145 3.730
Allotted (R'bln) 1.510 1.510
Bid-to-cover-ratio 2.1 2.5

($1 = 14.7075 rand)

(Reporting by Vuyani Ndaba
Editing by Alexander Winning)


2019-12-03 13:39:51

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