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table-South Africa’s 3-month T-bill average yield falls to 3.49%

JOHANNESBURG, Oct 16 (Reuters) – South Africa sold 1.4 billion rand ($84.52 million) of three-month Treasury bills, at an average yield of 3.49% compared to 3.51% in the previous week, central bank data showed on Friday. The bid-to-cover ratio rose to 1.7 from 1.5 last week. Auction date: 16/10/2020 Settlement date: 21/10/2020 Days 91 182 273 364 Amount received (R’bln) 2.351 3.085 6.478 5.234 Amount on offer (R’bln) 1.400 3.070 4.040 4.440 Amount allotted (R’bln) 1.400 2.460 4.417 4.674 Bid-to-cover ratio 1.7 1.3 1.5 1.1 Avg discount rate (%) 3.46 3.62 3.71 3.72 Average yield (%) 3.49 3.69 3.81 3.86 ($1 = 16.5640 rand) (Reporting by Mfuneko Toyana)


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