Views Article – Sharenet Wealth

Africa, Forex

Yields mostly lower in weekly South African government bond auction

JOHANNESBURG, Sept 15 (Reuters) – South Africa’s government sold a total of 6.6 billion rand ($398.05 million) of its 2032 , 2037 and 2048 bonds on Tuesday. Yields were mostly lower compared with the previous auctions. R2032 BOND: March 31, 2032 – 6.25% coupon Auction date: 15/09/20 01/09/20 Best bid % 10.050 9.950 Worst bid % 10.350 10.270 Clearing yield % 10.180 10.060 Total bids (R’bln) 4.995 6.000 Allotted (R’bln) 2.200 2.200 Bid-to-cover-ratio 2.3 2.7 R2037 BOND: Jan 31, 2037 – 8.5% coupon Auction date: 15/09/20 11/08/20 Best bid % 11.050 11.050 Worst bid % 11.405 11.550 Clearing yield % 11.185 11.285 Total bids (R’bln) 4.595 3.440 Allotted (R’bln) 2.200 2.200 Bid-to-cover-ratio 2.1 1.6 R2048 BOND: Feb 28, 2048 – 8.75% coupon Auction date: 15/09/20 25/08/20 Best bid % 11.250 11.380 Worst bid % 11.600 11.700 Clearing yield % 11.320 11.440 Total bids (R’bln) 6.740 7.610 Allotted (R’bln) 2.200 2.200 Bid-to-cover-ratio 3.1 3.5 ($1 = 16.5810 rand) (Reporting by Mfuneko Toyana; Editing by Olivia Kumwenda-Mtambo)


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