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Demand Picks Up for Linkers at Auction, 2029s Outperform

SOUTH AFRICA

Linker Auction Results:

  • 110 Million Rand 2029 Linkers; Bid-Cover 2.95x (1.23x), Avg yield 3.16% (3.55%)
  • 320 Million Rand 2038 Linkers; Bid-Cover 1.61x (1.07x), Avg yield 4.08% (4.28%)
  • 425 Million Rand 2050 Linkers; Bid-Cover 1.79x (1.32x), Avg yield 4.1% (4.28%)

    Demand seen higher across the auction amid broad SAGB optimism. 2029 linkers outperforming.
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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