Yields fall in South African government bond auction



JOHANNESBURG, Jan 25 (Reuters) - South Africa's government sold a total of 3.9 billion rand ($255 million) of its 2026 ZAR186= , 2035 ZAR2035= and 2040 ZAR2040= bonds at a weekly auction on Tuesday.

Yields were lower than previous auctions. R186 BOND: Dec 21, 2026 - 10.5% coupon Auction date

25/01/22 18/01/22 Best bid %

7.560

7.700 Worst bid %

7.830

7.960 Clearing yield %

7.650

7.790 Total bids (R'bln)

4.815

6.595 Allocated (R'bln)

1.300

1.300 Bid-to-cover-ratio

3.7

5.1 R2035 BOND: Feb 28, 2035 - 8.875% coupon Auction date:

25/01/22 23/11/21 Best bid %

10.140

10.460 Worst bid %

10.510

10.880 Clearing yield %

10.240

10.590 Total bids (R'bln)

4.715

3.165 Allocated (R'bln)

1.300

1.300 Bid-to-cover-ratio

3.6

2.4 R2040 BOND: Jan 31, 2040 - 9% coupon Auction date:

25/01/22 07/12/21

Best bid %

10.400

10.640

Worst bid %

10.730

11.030

Clearing yield %

10.480

10.770

Total bids (R'bln)

5.445

2.825

Allotted (R'bln)

1.300

1.300

Bid-to-cover-ratio

4.2

2.2

($1 = 15.2994 rand)
Reporting by Alexander Winning Editing by Tim Cocks

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