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Demand Slips at Linker Auction

SOUTH AFRICA

LINKER AUCTION RESULTS

  • 745M Rand of 2% 2025 Linkers; Bid-Cover 1.05x (2.31x), Ave yield 2.45% (2.43%)
  • 885 Million Rand 2029 Linkers; Bid-Cover 1.93x (3.56x) Ave yield 3.84% (4.08%)
  • 370 Million Rand 2050 Linkers; Bid-Cover 1.85x (1.0x), ave yield 4.48% (4.74%)
  • Demand mixed to lower across the auction with a sharp drop-off noted in 2029 linkers. 2050s 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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