June 21 (Reuters) – South Africa’s government sold a total of 3.9 billion rand ($244.93 million) of its 2035, 2040 and 2048 bonds on Tuesday. Yields were mostly lower compared with the previous auctions. R2035 BOND: Feb 28, 2035 – 8.875% coupon Auction date 21/06/22 14/06/22 Best bid % 10.835 10.990 Worst bid % 11.940 11.400 Clearing yield % 10.975 11.170 Total bids (R’bln) 3.160 2.620 Allocated (R’bln) 1.300 1.300 Bid-to-cover-ratio 2.4 2.0 R2040 BOND: Jan 31, 2040 – 9% coupon Auction date: 21/06/22 14/06/22 Best bid % 11.155 11.365 Worst bid % 11.555 11.690 Clearing yield % 11.300 11.485 Total bids (R’bln) 3.355 3.140 Allotted (R’bln) 1.300 1.300 Bid-to-cover-ratio 2.6 2.4 R2048 BOND: Feb 28, 2048 – 8.75% coupon Auction date: 21/06/22 07/06/22 Best bid % 11.125 10.890 Worst bid % 11.525 11.215 Clearing yield % 11.305 11.015 Total bids (R’bln) 2.235 3.185 Allotted (R’bln) 1.300 1.300 Bid-to-cover-ratio 1.7 2.5 ($1 = 15.9231 rand) (Reporting by Anait Miridzhanian in Gdansk Editing by Alexander Winning)
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