Views Article – Sharenet Wealth

Africa, Forex

Yields down in weekly South Africa government bond auction

JOHANNESBURG, Jan 14 (Reuters) – South Africa’s Treasury sold a total of 4.53 billion rand($313.97 million) worth of its 2032, 2037, and 2044 instruments on Tuesday. Yields fell compared with the previous auctions. R2032 BOND: March 31, 2032 – 6.25 pct coupon Auction date: 14/01/20 12/11/19 Best bid % 9.350 9.420 Worst bid % 9.550 9.950 Clearing yield % 9.440 9.520 Total bids (R’bln) 3.510 3.385 Allotted (R’bln) 1.510 1.510 Bid-to-cover-ratio 2.3 2.2 R2037 BOND: Jan 31, 2037 – 8.5 pct coupon Auction date: 14/01/20 26/11/19 Best bid % 9.885 9.985 Worst bid % 10.100 10.250 Clearing yield % 9.980 10.080 Total bids (R’bln) 2.890 3.180 Allotted (R’bln) 1.510 1.510 Bid-to-cover-ratio 1.9 2.1 R2044 BOND: Jan 31, 2044 – 8.75 pct coupon Auction date: 14/01/20 26/11/19 Best bid % 10.125 10.195 Worst bid % 10.375 10.500 Clearing yield % 10.210 10.295 Total bids (R’bln) 6.575 5.380 Allotted (R’bln) 1.510 1.510 Bid-to-cover-ratio 4.4 3.6 ($1 = 14.4280 rand) (Reporting by Olivia Kumwenda-Mtambo Editing by Alexander Winning)


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