TABLE-Yields mostly down in weekly SA government bond auction

South Africa’s government sold a total of R3.9 billion of its 2032, 2037 and 2040 bonds on Tuesday.

Yields were mostly down compared with the previous auctions.

R2032 BOND: March 31, 2032 – 6.25% coupon

Auction date	05/04/22	29/03/22
Best bid %	9.755	9.920
Worst bid %	10.050	10.240
Clearing yield %	9.840	10.005
Total bids (R’bln)	4.935	4.130
Allocated (R’bln)	1.300	1.300
Bid-to-cover-ratio	3.8	3.2

R2037 BOND: Jan 31, 2037 – 8.5% coupon

Auction date:	05/04/22	15/03/22
Best bid %	10.250	10.620
Worst bid %	10.560	10.950
Clearing yield %	10.330	10.755
Total bids (R’bln)	4.725	2.815
Allotted (R’bln)	1.300	1.300
Bid-to-cover-ratio	3.6	2.2

R2040 BOND: Jan 31, 2040 – 9% coupon

Auction date:	05/04/22	15/02/22
Best bid %	10.325	10.220
Worst bid %	10.650	10.500
Clearing yield %	10.480	10.280
Total bids (R’bln)	2.460	4.025
Allotted (R’bln)	1.300	1.300
Bid-to-cover-ratio	1.9	3.1