TABLE-Yields higher in weekly South African government bond auction

PUBLISHED: Tue, 30 Mar 2021 10:05:58 GMT
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JOHANNESBURG, March 30 (Reuters) – South Africa’s government sold a total of 4.8 billion rand ($321.4 million) of its 2037 , 2044 and 2048 bonds on Tuesday. Yields rose compared with the previous auctions. R2037 BOND: Jan 31, 2037 – 8.5% coupon Auction date: 30/03/21 02/03/21 Best bid % 11.250 10.420 Worst bid % 11.700 10.760 Clearing yield % 11.330 10.545 Total bids (R’bln) 4.335 5.110 Allotted (R’bln) 1.600 2.200 Bid-to-cover-ratio 2.7 2.2 R2044 BOND: Jan 31, 2044 – 8.75% coupon Auction date: 30/03/21 23/02/21 Best bid % 11.335 10.880 Worst bid % 11.950 11.230 Clearing yield % 11.545 10.940 Total bids (R’bln) 3.940 6.225 Allotted (R’bln) 1.600 2.200 Bid-to-cover-ratio 2.5 2.8 R2048 BOND: Feb 28, 2048 – 8.75% coupon Auction date: 30/03/21 26/01/21 Best bid % 11.355 10.710 Worst bid % 11.850 11.050 Clearing yield % 11.500 10.810 Total bids (R’bln) 3.270 8.485 Allotted (R’bln) 1.600 2.200 Bid-to-cover-ratio 2.0 3.9 ($1 = 14.9345 rand) (Reporting by Mfuneko Toyana Editing by Alexander Winning)

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