Views Article – Sharenet Wealth

Africa, Forex

Yields rise in weekly South African government bond auction

JOHANNESBURG, July 20 (Reuters) – South Africa’s government sold a total of 3.9 billion rand ($268.39 million) of its 2030 , 2032 and 2035 bonds on Tuesday. Yields rose compared with the previous auctions. R2030 BOND: Jan 31, 2030 – 8% coupon Auction date 20/07/21 06/07/21 Best bid % 8.870 8.790 Worst bid % 9.250 9.200 Clearing yield % 8.960 8.910 Total bids (R’bln) 5.465 3.635 Allocated (R’bln) 1.300 1.300 Bid-to-cover-ratio 4.2 2.8 R2032 BOND: March 31, 2032 – 6.25% coupon Auction date: 20/07/21 29/06/21 Best bid % 9.580 9.540 Worst bid % 10.000 9.910 Clearing yield % 9.720 9.660 Total bids (R’bln) 4.295 2.530 Allotted (R’bln) 1.300 1.300 Bid-to-cover-ratio 3.3 1.9 R2035 BOND: Feb 28, 2035 – 8.875% coupon Auction date: 20/07/21 13/07/21 Best bid % 10.255 10.155 Worst bid % 10.700 10.770 Clearing yield % 10.390 10.280 Total bids (R’bln) 3.540 3.135 Allocated (R’bln) 1.300 1.300 Bid-to-cover ratio 2.7 2.4 ($1 = 14.5310 rand) (Reporting by Olivia Kumwenda-Mtambo; Editing by Emma Rumney)


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