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South Africa’s 3-month T-bill average yield falls to 4.16%

JOHANNESBURG, May 22 (Reuters) – South Africa sold 2.912 billion rand ($164 million) of three-month Treasury bills at an average yield of 4.16%, compared to 4.23% last week, central bank data showed on Friday. The bid-to-cover ratio fell to 1.0 from 1.6 last week. Auction date: 22/05/2020 Settlement date: 27/05/2020 Days 91 182 273 364 Amount received (R’bln) 2.912 3.795 1.950 1.671 Amount on offer (R’bln) 1.350 2.945 3.740 4.040 Amount allotted (R’bln) 2.912 3.795 1.950 1.671 Bid-to-cover ratio 1.0 1.0 1.0 1.0 Avg discount rate (pct) 4.11 4.39 4.34 4.41 Average yield (pct) 4.16 4.49 4.49 4.62 ($1 = 17.7304 rand) (Reporting by Mfuneko Toyana Editing by Alexander Winning)


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