TABLE-Yields fall in weekly South Africa government bond auction

By Kitco News / June 06, 2017 / www.kitco.com / Article Link

JOHANNESBURG, June 6 (Reuters) - South Africa's Treasury sold a total of 2.65 billion rand ($207 million) worth of its 2035 , 2044 and 2048 instruments on Tuesday.

Yields fell compared with previous auctions.

R2035 BOND: Feb 28, 2035 - 8.875 pct couponAuction date:06/06/17 09/05/17Best bid %9.23 9.48Worst bid % 9.59.665Clearing yield %9.39 9.515Total bids (R'bln)1.79 2.475Allotted (R'bln)0.90.9Bid-to-cover-ratio2.02.8R2044 BOND: Jan 31, 2044 - 8.75 pct couponAuction date:06/06/17 30/05/17

Best bid %9.5059.585

Worst bid % 9.8059.89

Clearing yield %9.68 9.71

Total bids (R'bln)2.0451.95

Allotted (R'bln)0.85 0.85

Bid-to-cover-ratio2.42.3

R2048 BOND: Feb 28, 2048 - 8.75 pct couponAuction date:06/06/17 30/05/17Best bid %9.4759.565Worst bid % 9.76 9.865Clearing yield %9.69.65Total bids (R'bln)2.12 2.42Allotted (R'bln)0.90.9Bid-to-cover-ratio2.42.7($1 = 12.7786 rand)


(Reporting by Olivia Kumwenda-Mtambo)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities,securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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