TABLE-Yields mostly lower in weekly South African government bond auction

PUBLISHED: Tue, 06 Apr 2021 09:47:08 GMT
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JOHANNESBURG, April 6 (Reuters) – South Africa’s government sold a total of 4.8 billion rand ($329.75 million) of its 2030 , 2032 and 2035 bonds on Tuesday. Yields were mostly lower compared with the previous auctions. R2030 BOND: Jan 31, 2030 – 8% coupon Auction date 06/04/21 23/03/21 Best bid % 9.370 9.250 Worst bid % 9.800 9.700 Clearing yield % 9.490 9.500 Total bids (R’bln) 4.435 3.645 Allocated (R’bln) 1.600 2.200 Bid-to-cover-ratio 2.8 1.7 R2032 BOND: March 31, 2032 – 6.25% coupon Auction date: 06/04/21 23/03/21 Best bid % 10.220 10.110 Worst bid % 10.650 10.580 Clearing yield % 10.320 10.400 Total bids (R’bln) 3.735 3.645 Allotted (R’bln) 1.600 2.200 Bid-to-cover-ratio 2.3 1.7 R2035 BOND: Feb 28, 2035 – 8.875% coupon Auction date: 06/04/21 16/03/21 Best bid % 10.880 10.600 Worst bid % 11.300 11.000 Clearing yield % 10.980 10.810 Total bids (R’bln) 4.515 3.695 Allocated (R’bln) 1.600 2.200 Bid-to-cover ratio 2.8 1.7 ($1 = 14.5567 rand) (Reporting by Mfuneko Toyana Editing by Promit Mukherjee)

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