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2029s Shine at Auction, Demand Ticks Up Post-CPI & SARB

SOUTH AFRICA

Linker Auction Results:

  • 220 (110m) Million Rand 2029 Linkers; Bid-Cover 5.84x (2.95x), Avg yield 3% (3.16%)
  • 570 (320m) Million Rand 2038 Linkers; Bid-Cover 1.5x (1.61x), Avg yield 4.1% (4.08%)
  • 410 Million Rand 2050 Linkers; Bid-Cover 2.1x (1.79x), Avg yield 4.13% (4.1%)

    Demand seen substantially higher in 2029 linkers post-SARB and uptick in CPI. 2038s lagging the higher demand trend and 2050s seeing a marginal rise in demand too.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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