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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