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Demand for Linkers Rises at Auction, 2048s Outperform

SOUTH AFRICA

Linker Auction Results:

  • 290M Rand of 2% 2025 Linkers; Bid-Cover 3.74x, Avg yield 2.348%
  • 365 Million Rand 2038 Linkers; Bid-Cover 1.07x, Avg yield 4.281%
  • 545 Million Rand 2046 Linkers; Bid-Cover 4.73x, Avg yield 4.262%
Solid demand for 2025 & 2046 linkers, with notable outperformance in 2046s.
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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