November 14, 2017 / 1:17 PM / in 10 days

UPDATE 1-Yields rise in weekly South Africa government bond auction

 (Adds 2048 bond)
    JOHANNESBURG, Nov 14 (Reuters) - South Africa's Treasury
sold a total of 3.3 billion rand ($229 million)  worth of its
2031, 2037, 2044 and 2048
 instruments on Tuesday.
    Yields were higher compared with previous auctions. 

 R2048 BOND: Feb 28, 2048 - 8.75 pct coupon
 Auction date:       14/11/17  31/10/17
 Best bid %           10.275     9.93
 Worst bid %          10.59     10.3 
 Clearing yield %     10.37     10.05
 Total bids (R'bln)    2.36      3.165
 Allotted (R'bln)      0.9       0.9
 Bid-to-cover-ratio    2.6       3.5
    R213 BOND: Feb 28, 2031 - 7 percent coupon
 Auction date:        14/11/17   29/08/17 
                                 
 Best bid %           9.910       9.125
                                 
 Worst bid %          10.210      9.595
                                 
 Clearing yield %     9.985       9.22
                                 
 Total bids (R'bln)   1.95        2.19
                                 
 Allotted (R'bln)     0.7         0.9
                                 
 Bid-to-cover-ratio   2.8         2.4
                                 
 R2037 BOND: Jan 31, 2037 - 8.5 pct coupon 
 Auction date:        14/11/17   24/10/17
                                 
 Best bid %           10.230      9.765
                                 
 Worst bid %          10.50      10.03
                                 
 Clearing yield %     10.31       9.85
                                 
 Total bids (R'bln)   3.205       3.265
                                 
 Allotted (R'bln)     0.85        0.9
                                 
 Bid-to-cover-ratio   3.8         3.6
                                 
 R2044 BOND: Jan 31, 2044 - 8.75 pct coupon
 Auction date:        14/11/17   17/10/17
                                 
 Best bid %           10.30       9.82
                                 
 Worst bid %          10.64      10.15
                                 
 Clearing yield %     10.41       9.89
                                 
 Total bids (R'bln)   3.41        2.91
                                 
 Allotted (R'bln)     0.85        0.9
                                 
 Bid-to-cover-ratio   4.0         3.2
                                 
 ($1 = 14.3828 rand)

 (Reporting by Joe Brock; Editing by James Macharia)
  

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