TABLE-Yields mostly higher in weekly South African government bond auction
South Africa’s government sold a total of R3.9 billion ($263.7 million) of its 2030, 2032 and 2048 bonds on Tuesday.
Yields were mostly higher compared with previous auctions.
R2030 BOND: January 31, 2030 – 8% coupon
| Auction date | 19/04/22 | 22/03/22 |
| Best bid % | 9.680 | 9.730 |
| Worst bid % | 10.000 | 10.000 |
| Clearing yield % | 9.810 | 9.830 |
| Total bids (R’bln) | 3.045 | 3.385 |
| Allocated (R’bln) | 1.300 | 1.300 |
| Bid-to-cover-ratio | 2.3 | 2.6 |
R2032 BOND: March 31, 2032 – 6.25% coupon
| Auction date: | 19/04/22 | 05/04/22 |
| Best bid % | 10.040 | 9.755 |
| Worst bid % | 10.370 | 10.050 |
| Clearing yield % | 10.190 | 9.840 |
| Total bids (R’bln) | 3.090 | 4.935 |
| Allotted (R’bln) | 1.300 | 1.300 |
| Bid-to-cover-ratio | 2.4 | 3.8 |
R2048 BOND: February 28, 2048 – 8.75% coupon
| Auction date: | 19/04/22 | 12/04/22 |
| Best bid % | 10.635 | 10.545 |
| Worst bid % | 10.950 | 10.920 |
| Clearing yield % | 10.770 | 10.650 |
| Total bids (R’bln) | 3.055 | 3.395 |
| Allotted (R’bln) | 1.300 | 1.300 |
| Bid-to-cover-ratio | 2.4 | 2.6 |
Source: moneyweb.co.za
