Views Article – Sharenet Wealth

Africa, Forex

Yields rise in weekly South African government bond auction

JOHANNESBURG, Oct 12 (Reuters) – South Africa’s government sold a total of 3.9 billion rand ($259.96 million) of its 2030 , 2040 and 2048 bonds on Tuesday. Yields rose compared with the previous auctions. R2030 BOND: Jan 31, 2030 – 8% coupon Auction date 12/10/21 05/10/21 Best bid % 9.395 9.295 Worst bid % 9.800 10.700 Clearing yield % 9.600 9.395 Total bids (R’bln) 2.150 3.420 Allocated (R’bln) 1.300 1.300 Bid-to-cover-ratio 1.7 2.6 R2040 BOND: Jan 31, 2040 – 9% coupon Auction date: 12/10/21 28/09/21 Best bid % 10.730 10.745 Worst bid % 11.070 11.150 Clearing yield % 10.900 10.870 Total bids (R’bln) 2.240 2.675 Allotted (R’bln) 1.300 1.300 Bid-to-cover-ratio 1.7 2.1 R2048 BOND: Feb 28, 2048 – 8.75% coupon Auction date: 12/10/21 28/09/21 Best bid % 10.700 10.700 Worst bid % 11.070 11.050 Clearing yield % 10.840 10.800 Total bids (R’bln) 2.370 3.475 Allotted (R’bln) 1.300 1.300 Bid-to-cover-ratio 1.8 2.7 ($1 = 15.0021 rand) (Reporting by Olivia Kumwenda-Mtambo Editing by Alexander Winning)


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