Views Article – Sharenet Wealth

Africa, News

Yields mixed at S.Africa inflation-linked bond auction

JOHANNESBURG, Oct 16 (Reuters) – South Africa sold a total of 2 billion rand ($120.63 million) of its 2029, 2038 and 2050 inflation-linked bonds, central bank data showed on Friday. Yields were mixed compared with the previous auctions. ZAI2029 bond due 2029 – 1.88% coupon Auction date: 16/10/20 02/10/20 Allocated (R’bln) 0.700 0.540 Bids received (R’bln) 1.010 0.965 Clearing yield % 4.180 4.250 ZAI2038 bond due 2038 – 2.25% coupon Auction date: 16/10/20 09/10/20 Allocated (R’bln) 0.650 1.030 Bids received (R’bln) 0.905 1.660 Clearing yield % 4.820 4.820 ZAI2050 bond due 2050 – 2.5% coupon Auction date: 16/10/20 18/09/20 Allocated (R’bln) 0.650 0.915 Bids received (R’bln) 1.120 0.915 Clearing yield % 4.800 4.700 ($1 = 16.5800 rand) (Reporting by Olivia Kumwenda-Mtambo; editing by Mfuneko Toyana)


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