Views Article – Sharenet Wealth

Africa, Forex

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)


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