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Views Article – Sharenet Wealth

Africa, Forex

Yields down in weekly South Africa government bond auction

JOHANNESBURG, Sept 10 (Reuters) – South Africa’s Treasury sold a total of 4.53 billion rand ($308 million) worth of its 2026, 2035, and 2040 instruments on Tuesday. Yields fell compared with the previous auctions. R186 BOND: Dec 21, 2026 – 10.5 percent coupon Auction date: 10/09/19 20/08/19 Best bid % 8.015 8.320 Worst bid % 8.200 8.490 Clearing yield % 8.115 8.415 Total bids (R’bln) 4.405 4.610 Allocated (R’bln) 1.510 1.510 Bid-to-cover-ratio 2.9 3.1 R2035 BOND: Feb 28, 2035 – 8.875 pct coupon Auction date: 10/09/19 27/08/19 Best bid % 9.370 9.540 Worst bid % 9.600 9.800 Clearing yield % 9.460 9.630 Total bids (R’bln) 3.160 4.795 Allocated (R’bln) 1.510 1.510 Bid-to-cover-ratio 2.1 3.2 R2040 BOND: Jan 31, 2040 – 9 pct coupon Auction date 10/09/19 20/08/19 Best bid % 9.670 9.950 Worst bid % 10.000 10.125 Clearing yield % 9.785 10.045 Total bids (R’bln) 3.365 3.950 Allotted (R’bln) 1.510 1.510 Bid-to-cover-ratio 2.2 2.6 ($1 = 14.7031 rand) (Reporting by Olivia Kumwenda-Mtambo, editing by Vuyani Ndaba)


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