South Africa auctions R204 bond at yield of 8.4 percent
Published January 29th, 2008
South Africa’s Treasury said on Tuesday it had allocated 400 million rand worth of the R204 government bond due in 2018 at a clearing yield of 8.4 percent at its weekly debt market auction.
The yield was slightly down on the previous auction when it was at 8.43 percent on Sept 18.
Bids for the bond totalled 1.165 billion rand, resulting in a bid-to-cover ratio of 2.91.
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