TABLE-yields rise in weekly SA government bond auction

SA’s government sold a total of R3.9 billion ($242.84 million) of its 2030, 2035 and 2048 bonds on Tuesday.

Yields rose compared with previous auctions.

R2030 BOND: January 31, 2030 – 8% coupon

Auction date	10/05/22	26/04/22
Best bid %	10.060	9.800
Worst bid %	10.400	10.050
Clearing yield %	10.155	9.890
Total bids (R’bln)	4.875	4.190
Allocated (R’bln)	1.300	1.300
Bid-to-cover-ratio	3.8	3.2

R2035 BOND: February 28, 2035 – 8.875% coupon

Auction date:	10/05/22	26/04/22
Best bid %	10.760	10.560
Worst bid %	11.200	10.850
Clearing yield %	10.890	10.675
Total bids (R’bln)	2.630	3.025
Allotted (R’bln)	1.300	1.300
Bid-to-cover-ratio	2.0	2.3

R2048 BOND: February 28, 2048 – 8.75% coupon

Auction date:	10/05/22	03/05/22
Best bid %	10.980	10.860
Worst bid %	11.400	11.250
Clearing yield %	11.110	10.990
Total bids (R’bln)	2.665	3.715
Allotted (R’bln)	1.300	1.300
Bid-to-cover-ratio	2.1	2.9