Views Article – Sharenet Wealth

Africa, Forex

Yields mostly lower in weekly South African government bond auction

JOHANNESBURG, Oct 20 (Reuters) – South Africa’s government sold a total of 3.9 billion rand ($270 million) of its 2032 , 2035 and 2048 bonds at its weekly auction. Yields were mostly lower compared with the previous auctions. R2032 BOND: March 31, 2032 – 6.25% coupon Auction date 19/10/21 14/09/21 Best bid % 9.930 9.460 Worst bid % 10.300 9.820 Clearing yield % 10.020 9.575 Total bids (R’bln) 3.065 3.095 Allocated (R’bln) 1.300 1.300 Bid-to-cover-ratio 2.4 2.4 R2035 BOND: Feb 28, 2035 – 8.875% coupon Auction date: 19/10/21 05/10/21 Best bid % 10.305 10.510 Worst bid % 10.900 10.940 Clearing yield % 10.490 10.610 Total bids (R’bln) 3.430 4.585 Allotted (R’bln) 1.300 1.300 Bid-to-cover-ratio 2.6 3.5 R2048 BOND: Feb 28, 2048 – 8.75% coupon Auction date: 19/10/21 12/10/21 Best bid % 10.685 10.700 Worst bid % 11.100 11.070 Clearing yield % 10.770 10.840 Total bids (R’bln) 3.945 2.370 Allotted (R’bln) 1.300 1.300 Bid-to-cover-ratio 3.0 1.8 ($1 = 14.4447 rand) (Reporting by Alexander Winning Editing by Tim Cocks)


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