Views Article – Sharenet Wealth

Africa, Forex

Yields mostly higher at weekly South African government bond auction

JOHANNESBURG, Nov 24 (Reuters) – South Africa’s government sold a total of 6.6 billion rand ($430.30 million) of its 2026 , 2030 and 2035 bonds on Tuesday. Yields were mostly higher compared with the previous auctions. R186 BOND: Dec 21, 2026 – 10.5% coupon Auction date: 24/11/20 10/11/20 Best bid % 6.850 6.750 Worst bid % 7.100 7.220 Clearing yield % 6.950 6.900 Total bids (R’bln) 6.540 5.765 Allocated (R’bln) 2.200 2.200 Bid-to-cover-ratio 3.0 2.6 R2030 BOND: Jan 31, 2030 – 8% coupon Auction date 24/11/20 17/11/20 Best bid % 8.750 8.680 Worst bid % 9.100 9.000 Clearing yield % 8.850 8.780 Total bids (R’bln) 5.160 5.960 Allocated (R’bln) 2.200 2.200 Bid-to-cover-ratio 2.3 2.7 R2035 BOND: Feb 28, 2035 – 8.875% coupon Auction date: 24/11/20 03/11/20 Best bid % 10.450 11.020 Worst bid % 10.780 11.400 Clearing yield % 10.550 11.170 Total bids (R’bln) 7.130 4.625 Allocated (R’bln) 2.200 2.200 Bid-to-cover-ratio 3.2 2.1 ($1 = 15.3380 rand) (Reporting by Olivia Kumwenda-Mtambo Editing by Alexander Winning)


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