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Views Article – Sharenet Wealth

Africa, Forex

Yields fall in weekly South Africa government bond auction

JOHANNESBURG, Oct 8 (Reuters) – South Africa’s Treasury sold a total of 4.53 billion rand($298.65 million) worth of its 2032 , 2035, and 2048 instruments on Tuesday. Yields were lower compared with the previous auctions. R2032 BOND: March 31, 2032 – 6.25 pct coupon Auction date: 08/10/19 17/09/19 Best bid % 9.145 9.185 Worst bid % 9.350 9.425 Clearing yield % 9.260 9.285 Total bids (R’bln) 3.380 2.630 Allotted (R’bln) 1.510 1.510 Bid-to-cover-ratio 2.2 1.7 R2035 BOND: Feb 28, 2035 – 8.875 pct coupon Auction date: 08/10/19 01/10/19 Best bid % 9.435 9.510 Worst bid % 9.680 9.700 Clearing yield % 9.550 9.620 Total bids (R’bln) 2.845 2.700 Allocated (R’bln) 1.510 1.510 Bid-to-cover-ratio 1.9 1.8 R2048 BOND: Feb 28, 2048 – 8.75 pct coupon Auction date: 08/10/19 01/09/19 Best bid % 9.760 9.825 Worst bid % 9.960 10.000 Clearing yield % 9.860 9.930 Total bids (R’bln) 3.400 2.795 Allotted (R’bln) 1.510 1.510 Bid-to-cover-ratio 2.3 1.9 ($1 = 15.1683 rand) (Reporting by Olivia Kumwenda-Mtambo Editing by Nqobile Dludla)


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