TABLE-Yields lower in weekly South African government bond auction

PUBLISHED: Tue, 20 Apr 2021 10:15:49 GMT
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JOHANNESBURG, April 20 (Reuters) – South Africa’s government sold a total of 4.8 billion rand ($336 million) of its 2031 , 2037, and 2048 bonds on Tuesday. Yields fell compared with the previous auctions. R213 BOND: Feb 28, 2031 – 7% coupon Auction date 20/04/21 13/04/21 Best bid % 9.425 9.685 Worst bid % 10.630 10.100 Clearing yield % 9.540 9.790 Total bids (R’bln) 5.610 4.315 Allocated (R’bln) 1.600 1.600 Bid-to-cover-ratio 3.5 2.7 R2037 BOND: Jan 31, 2037 – 8.5% coupon Auction date: 20/04/21 13/04/21 Best bid % 10.640 10.800 Worst bid % 11.100 11.225 Clearing yield % 10.725 10.910 Total bids (R’bln) 5.180 3.720 Allotted (R’bln) 1.600 1.600 Bid-to-cover-ratio 3.2 2.3 R2048 BOND: Feb 28, 2048 – 8.75% coupon Auction date: 20/04/21 30/03/21 Best bid % 10.735 11.355 Worst bid % 11.150 11.850 Clearing yield % 10.840 11.500 Total bids (R’bln) 4.610 3.270 Allotted (R’bln) 1.600 1.600 Bid-to-cover-ratio 2.9 2.0 ($1 = 14.3030 rand) (Reporting by Mfuneko Toyana)

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