May 21, 2019 / 11:02 AM / a month ago

Yields mostly lower in South Africa government bond auction

    JOHANNESBURG, May 21 (Reuters) - South Africa's Treasury
sold a total of 3.3 billion rand ($229 million) worth of its
2023, 2026 and 2030 instruments
on Tuesday.
    Yields were mostly lower compared with previous auctions.
     
  R2023 BOND: Feb 28, 2023 - 7.75 pct coupon
 Auction date:        21/05/19    14/05/19
 Best bid %           7.530       7.520
 Worst bid %          7.700       7.700 
 Clearing yield %     7.610       7.610
 Total bids (R'bln)   3.430      12.165
 Allotted (R'bln)     1.100       1.100
 Bid-to-cover-ratio   3.1         11.1
  R186 BOND: Dec 21, 2026 - 10.5 percent coupon
 Auction date:        21/05/19    23/04/19
 Best bid %           8.400       8.425
 Worst bid %          8.550       8.730
 Clearing yield %     8.480       8.525
 Total bids (R'bln)   4.840       4.560
 Allotted (R'bln)     1.100       1.700
 Bid-to-cover-ratio   4.4         2.7
  R2030 BOND: Jan 31, 2030 - 8 pct coupon
 Auction date         21/05/19    14/05/19
 Best bid %           9.030       9.025
 Worst bid %          9.250       9.250
 Clearing yield %     9.105       9.120
 Total bids (R'bln)   5.490       3.655
 Allotted (R'bln)     1.100       1.100
 Bid-to-cover-ratio   5.0         3.3
 
($1 = 14.3988 rand)

 (Reporting by Tanisha Heiberg
Editing by Alexander Winning)
  
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