JOHANNESBURG, Jan 31 (Reuters) - South Africa's
government sold a total of 3.9 billion rand ($223.60 million)
of its 2030 , 2035 and 2040 bonds on Tuesday.
Yields fell compared with previous auctions.
R2030 BOND: Jan 31, 2030 - 8% coupon
Auction date 31/01/23 24/01/23
Best bid % 9.520 9.655
Worst bid % 9.820 9.950
Clearing yield % 9.625 9.740
Total bids (R'bln) 4.805 4.430
Allocated (R'bln) 1.300 1.300
Bid-to-cover-ratio 3.7 3.4
R2035 BOND: Feb 28, 2035 - 8.875% coupon
Auction date 31/01/23 24/01/23
Best bid % 10.780 10.875
Worst bid % 11.100 11.200
Clearing yield % 10.900 10.955
Total bids (R'bln) 4.435 5.195
Allocated (R'bln) 1.300 1.300
Bid-to-cover-ratio 3.4 4.0
R2040 BOND: Jan 31, 2040 - 9% coupon
Auction date 31/01/23 17/01/23
Best bid % 11.170 11.255
Worst bid % 11.500 11.565
Clearing yield % 11.340 11.370
Total bids (R'bln) 2.745 3.915
Allocated (R'bln) 1.300 1.300
Bid-to-cover-ratio 2.1 3.0
($1 = 17.4422 rand)
(Reporting by Nellie Peyton
Editing by Alexander Winning)
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