Views Article – Sharenet Wealth

Africa, Forex

Yields rise in weekly South African government bond auction

JOHANNESBURG, Sept 14 (Reuters) – South Africa’s government sold a total of 3.9 billion rand ($274.77 million) of its 2030 , 2032 and 2044 bonds on Tuesday. Yields rose compared with the previous auctions. R2030 BOND: Jan 31, 2030 – 8% coupon Auction date 14/09/21 31/08/21 Best bid % 8.780 8.620 Worst bid % 9.100 8.950 Clearing yield % 8.875 8.750 Total bids (R’bln) 3.025 3.015 Allocated (R’bln) 1.300 1.300 Bid-to-cover-ratio 2.3 2.3 R2032 BOND: March 31, 2032 – 6.25% coupon Auction date: 14/09/21 24/08/21 Best bid % 9.460 9.430 Worst bid % 9.820 9.815 Clearing yield % 9.575 9.550 Total bids (R’bln) 3.095 2.985 Allocated (R’bln) 1.300 1.300 Bid-to-cover-ratio 2.4 2.3 R2044 BOND: Jan 31, 2044 – 8.75% coupon Auction date: 14/09/21 07/09/21 Best bid % 10.420 10.390 Worst bid % 10.760 10.770 Clearing yield % 10.500 10.490 Total bids (R’bln) 4.785 3.940 Allocated (R’bln) 1.300 1.300 Bid-to-cover-ratio 3.7 3.0 ($1 = 14.1937 rand) (Reporting by Alexander Winning Editing by Olivia Kumwenda-Mtambo)


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