June 28 (Reuters) – South Africa’s government sold a total of 3.9 billion rand ($245.62 million) of its 2032, 2037 and 2044 bonds on Tuesday. Yields were higher compared with the previous auctions. R2032 BOND: March 31, 2032 – 6.25% coupon Auction date 28/06/22 07/06/22 Best bid % 10.755 10.250 Worst bid % 11.150 10.620 Clearing yield % 10.870 10.380 Total bids (R’bln) 5.380 4.315 Allocated (R’bln) 1.300 1.300 Bid-to-cover-ratio 4.1 3.3 R2037 BOND: Jan 31, 2037 – 8.5% coupon Auction date: 28/06/22 07/06/22 Best bid % 11.280 10.800 Worst bid % 11.600 11.150 Clearing yield % 11.400 10.960 Total bids (R’bln) 3.125 2.620 Allotted (R’bln) 1.300 1.300 Bid-to-cover-ratio 2.4 2.0 R2044 BOND: Jan 31, 2044 – 8.75% coupon Auction date: 28/06/22 14/06/22 Best bid % 11.405 11.350 Worst bid % 11.700 11.750 Clearing yield % 11.520 11.505 Total bids (R’bln) 3.110 2.905 Allotted (R’bln) 1.300 1.300 Bid-to-cover-ratio 2.4 2.2 ($1 = 15.8781 rand) (Reporting by Bhargav Acharya in Bengaluru Editing by Alexander Winning)
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