Views Article – Sharenet Wealth

Africa, Forex

Yields rise in weekly South African government bond auction

JOHANNESBURG, July 7 (Reuters) – South Africa’s government sold a total of 6.6 billion rand ($384.37 million) of its 2026 , 2030 and 2048 bonds on Tuesday. Yields were higher compared with the previous auctions. R186 BOND: Dec 21, 2026 – 10.5% coupon Auction date: 07/07/20 30/06/20 Best bid % 7.760 7.550 Worst bid % 8.100 7.870 Clearing yield % 7.900 7.640 Total bids (R’bln) 3.845 5.785 Allocated (R’bln) 2.200 2.100 Bid-to-cover-ratio 1.7 2.8 R2030 BOND: Jan 31, 2030 – 8% coupon Auction date 07/07/20 30/06/20 Best bid % 9.505 9.075 Worst bid % 10.000 9.400 Clearing yield % 9.700 9.200 Total bids (R’bln) 3.705 4.275 Allocated (R’bln) 2.200 2.000 Bid-to-cover-ratio 1.7 2.1 R2048 BOND: Feb 28, 2048 – 8.75 pct coupon Auction date: 07/07/20 23/06/20 Best bid % 11.650 11.280 Worst bid % 12.100 11.690 Clearing yield % 11.750 11.370 Total bids (R’bln) 5.420 4.755 Allotted (R’bln) 2.200 2.000 Bid-to-cover-ratio 2.5 2.4 ($1 = 17.1709 rand) (Reporting by Olivia Kumwenda-Mtambo, editing by Mfuneko Toyana)


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