Views Article – Sharenet Wealth

Africa, Forex

Yields mostly fall in weekly South African government bond auction

JOHANNESBURG, Jan 11 (Reuters) – South Africa’s government sold a total of 3.9 billion rand ($250.5 million) of its 2030 , 2037 and 2044 bonds on Tuesday. Yields were mostly lower compared with the previous auctions. R2030 BOND: Jan 31, 2030 – 8% coupon Auction date 11/01/22 30/11/21 Best bid % 9.365 9.660 Worst bid % 9.700 10.305 Clearing yield % 9.460 9.770 Total bids (R’bln) 3.395 4.675 Allocated (R’bln) 1.300 1.300 Bid-to-cover-ratio 2.6 3.6 R2037 BOND: Jan 31, 2037 – 8.5% coupon Auction date: 11/01/22 14/12/21 Best bid % 10.595 10.580 Worst bid % 10.970 10.900 Clearing yield % 10.740 10.640 Total bids (R’bln) 2.575 3.210 Allocated (R’bln) 1.300 1.300 Bid-to-cover-ratio 2.0 2.5 R2044 BOND: Jan 31, 2044 – 8.75% coupon Auction date: 11/01/22 26/10/21 Best bid % 10.695 10.800 Worst bid % 11.050 11.150 Clearing yield % 10.820 10.920 Total bids (R’bln) 2.930 3.115 Allotted (R’bln) 1.300 1.300 Bid-to-cover-ratio 2.3 2.4 ($1 = 15.5718 rand) (Reporting by Alexander Winning Editing by Tim Cocks)


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