Views Article – Sharenet Wealth

Africa, Forex

Yields rise in weekly South African government bond auction

JOHANNESBURG, Nov 30 (Reuters) – South Africa’s government sold a total of 3.9 billion rand ($241.52 million) of its 2030 , 2037 and 2040 bonds on Tuesday. Yields rose compared with the previous auctions. R2030 BOND: Jan 31, 2030 – 8% coupon Auction date 30/11/21 23/11/21 Best bid % 9.660 9.550 Worst bid % 10.305 9.950 Clearing yield % 9.770 9.650 Total bids (R’bln) 4.675 4.935 Allocated (R’bln) 1.300 1.300 Bid-to-cover-ratio 3.6 3.8 R2037 BOND: Jan 31, 2037 – 8.5% coupon Auction date: 30/11/21 31/08/21 Best bid % 10.730 10.070 Worst bid % 11.380 10.400 Clearing yield % 10.880 10.170 Total bids (R’bln) 2.565 3.240 Allocated (R’bln) 1.300 1.300 Bid-to-cover-ratio 2.0 2.5 R2040 BOND: Jan 31, 2040 – 9% coupon Auction date: 30/11/21 09/11/21 Best bid % 10.820 10.410 Worst bid % 11.460 11.800 Clearing yield % 10.950 10.440 Total bids (R’bln) 2.635 4.995 Allotted (R’bln) 1.300 1.300 Bid-to-cover-ratio 2.0 3.8 ($1 = 16.1480 rand) (Reporting by Olivia Kumwenda-Mtambo; editing by Nqobile Dludla)


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