Views Article – Sharenet Wealth

Africa, Forex

Yields rise in weekly South African government bond auction

JOHANNESBURG, Nov 23 (Reuters) – South Africa’s government sold a total of 3.9 billion rand ($246.76 million) of its 2030 , 2031 and 2035 bonds on Tuesday. Yields edged higher compared with the previous auctions. R2030 BOND: Jan 31, 2030 – 8% coupon Auction date 23/11/21 16/11/21 Best bid % 9.550 9.300 Worst bid % 9.950 9.660 Clearing yield % 9.650 9.245 Total bids (R’bln) 4.935 2.845 Allocated (R’bln) 1.300 1.300 Bid-to-cover-ratio 3.8 2.2 R213 BOND: Feb 28, 2031 – 7% coupon Auction date 23/11/21 07/09/21 Best bid % 9.830 9.065 Worst bid % 10.200 9.420 Clearing yield % 9.990 9.175 Total bids (R’bln) 2.715 3.130 Allocated (R’bln) 1.300 1.300 Bid-to-cover-ratio 2.1 2.4 R2035 BOND: Feb 28, 2035 – 8.875% coupon Auction date: 23/11/21 16/11/21 Best bid % 10.460 10.150 Worst bid % 10.880 10.600 Clearing yield % 10.590 10.310 Total bids (R’bln) 3.165 3.135 Allotted (R’bln) 1.300 1.300 Bid-to-cover-ratio 2.4 2.4 ($1 = 15.8050 rand) (Reporting by Olivia Kumwenda-Mtambo)


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