Views Article – Sharenet Wealth

Africa, Forex

Yields mostly down in weekly South African government bond auction

JOHANNESBURG, June 30 (Reuters) – South Africa’s government sold a total of 6.1 billion rand($351.97 million) of its 2026 , 2030 and 2035 bonds on Tuesday. Yields were mostly down compared with the previous auctions. R186 BOND: Dec 21, 2026 – 10.5% coupon Auction date: 30/06/20 17/06/20 Best bid % 7.550 7.690 Worst bid % 7.870 8.250 Clearing yield % 7.640 7.795 Total bids (R’bln) 5.785 3.515 Allocated (R’bln) 2.100 1.500 Bid-to-cover-ratio 2.8 2.3 R2030 BOND: Jan 31, 2030 – 8% coupon Auction date 30/06/20 23/06/20 Best bid % 9.075 9.100 Worst bid % 9.400 9.440 Clearing yield % 9.200 9.180 Total bids (R’bln) 4.275 8.940 Allocated (R’bln) 2.000 2.100 Bid-to-cover-ratio 2.1 4.3 R2035 BOND: Feb 28, 2035 – 8.875% coupon Auction date: 30/06/20 23/06/20 Best bid % 10.620 10.700 Worst bid % 10.975 11.110 Clearing yield % 10.790 10.890 Total bids (R’bln) 3.490 3.595 Allocated (R’bln) 2.000 2.000 Bid-to-cover-ratio 1.7 1.8 ($1 = 17.3311 rand) (Reporting by Olivia Kumwenda-Mtambo Editing by Alexander Winning)


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