Views Article – Sharenet Wealth

Africa, News

Yields mostly higher at South Africa inflation-linked bond auction

JOHANNESBURG, Sept 25 (Reuters) – South Africa sold a total of 2 billion rand ($117.77 million) of its 2029, 2038 and 2046 inflation-linked bonds, central bank data showed on Friday. Yields were mostly higher compared with the previous auctions. ZAI2029 bond due 2029 – 1.88% coupon Auction date: 25/09/20 07/08/20 Allocated (R’bln) 0.690 0.860 Bids received (R’bln) 0.910 1.670 Clearing yield % 4.150 4.410 ZAI2038 bond due 2038 – 2.25% coupon Auction date: 25/09/20 18/09/20 Allocated (R’bln) 0.690 0.800 Bids received (R’bln) 1.065 0.800 Clearing yield % 4.800 4.690 ZAI2046 bond due 2046 – 2.5% coupon Auction date: 25/09/20 11/09/20 Allocated (R’bln) 0.620 0.640 Bids received (R’bln) 1.140 0.705 Clearing yield % 4.840 4.670 ($1 = 16.9817 rand) (Reporting by Mfuneko Toyana Editing by Alexander Winning)


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