Views Article – Sharenet Wealth

Africa, Forex

Yields mostly lower in weekly South African government bond auction

JOHANNESBURG, March 2 (Reuters) – South Africa’s government sold a total of 6.6 billion rand ($438 million) of its 2026 , 2032 and 2037 bonds on Tuesday. Yields mostly fell compared with the previous auctions. R186 BOND: Dec 21, 2026 – 10.5% coupon Auction date: 02/03/21 26/01/21 Best bid % 7.120 6.580 Worst bid % 7.350 6.820 Clearing yield % 7.230 6.690 Total bids (R’bln) 4.920 7.305 Allocated (R’bln) 2.200 2.200 Bid-to-cover-ratio 2.2 3.3 R2032 BOND: March 31, 2032 – 6.25% coupon Auction date: 02/03/21 23/02/21 Best bid % 9.540 9.600 Worst bid % 9.900 9.950 Clearing yield % 9.680 9.700 Total bids (R’bln) 4.770 7.650 Allotted (R’bln) 2.200 2.200 Bid-to-cover-ratio 2.2 3.5 R2037 BOND: Jan 31, 2037 – 8.5% coupon Auction date: 02/03/21 23/02/21 Best bid % 10.420 10.620 Worst bid % 10.760 10.980 Clearing yield % 10.545 10.700 Total bids (R’bln) 5.110 6.560 Allotted (R’bln) 2.200 2.200 Bid-to-cover-ratio 2.2 3.0 ($1 = 15.0671 rand) (Reporting by Mfuneko Toyana; Editing by Olivia Kumwenda-Mtambo)


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.