TABLE-yields rise in weekly SA government bond auction

SA’s government sold a total of R3.9 billion of its 2030, 2035 and 2048 bonds on Tuesday.
Image: Waldo Swiegers/Bloomberg

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

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