Views Article – Sharenet Wealth

Africa, Forex

Yields mostly lower in weekly South African government bond auction

JOHANNESBURG, Jan 12 (Reuters) – South Africa’s government sold a total of 6.6 billion rand($426.34 million) of its 2026 , 2032 and 2035 bonds on Tuesday. Yields were mostly lower compared with the previous auctions. R186 BOND: Dec 21, 2026 – 10.5% coupon Auction date: 12/01/21 15/12/20 Best bid % 6.550 6.720 Worst bid % 6.800 7.000 Clearing yield % 6.670 6.820 Total bids (R’bln) 6.230 6.565 Allocated (R’bln) 2.200 2.200 Bid-to-cover-ratio 2.8 3.0 R2032 BOND: March 31, 2032 – 6.25% coupon Auction date: 12/01/21 08/12/20 Best bid % 9.620 9.800 Worst bid % 9.900 10.340 Clearing yield % 9.755 9.890 Total bids (R’bln) 6.190 8.125 Allotted (R’bln) 2.200 2.200 Bid-to-cover-ratio 2.8 3.7 R2035 BOND: Feb 28, 2035 – 8.875% coupon Auction date: 12/01/21 24/11/20 Best bid % 10.450 10.450 Worst bid % 10.800 10.780 Clearing yield % 10.570 10.550 Total bids (R’bln) 6.290 7.130 Allocated (R’bln) 2.200 2.200 Bid-to-cover-ratio 2.9 3.2 ($1 = 15.4807 rand) (Reporting by Olivia Kumwenda-Mtambo Editing by Alexander Winning)


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