TABLE-Yields lower in weekly South African government bond auction

PUBLISHED: Tue, 13 Apr 2021 09:49:06 GMT
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JOHANNESBURG, April 13 (Reuters) – South Africa’s government sold a total of 4.8 billion rand ($330 million) of its 2031 , 2037, and 2044 bonds on Tuesday. Yields fell compared with the previous auctions. R213 BOND: Feb 28, 2031 – 7% coupon Auction date 13/04/21 23/03/21 Best bid % 9.685 9.700 Worst bid % 10.100 10.140 Clearing yield % 9.790 9.990 Total bids (R’bln) 4.315 3.565 Allocated (R’bln) 1.600 2.200 Bid-to-cover-ratio 2.7 1.6 R2037 BOND: Jan 31, 2037 – 8.5% coupon Auction date: 13/04/21 30/03/21 Best bid % 10.800 11.250 Worst bid % 11.225 11.700 Clearing yield % 10.910 11.330 Total bids (R’bln) 3.720 4.335 Allotted (R’bln) 1.600 1.600 Bid-to-cover-ratio 2.3 2.7 R2044 BOND: Jan 31, 2044 – 8.75% coupon Auction date: 13/04/21 30/03/21 Best bid % 10.995 11.335 Worst bid % 11.380 11.950 Clearing yield % 11.070 11.545 Total bids (R’bln) 3.185 3.940 Allotted (R’bln) 1.600 1.600 Bid-to-cover-ratio 2.0 2.5 ($1 = 14.5570 rand) (Reporting by Mfuneko Toyana Editing by Promit Mukherjee)

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