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Linkers See Mixed to Lower Demand at Auction

SOUTH AFRICA

Linkers Auction Results

  • ZAR 607m 2% 2025 Linkers, bid to cover 2.31x (2.9x), yield 2.43% (2.75%)
  • ZAR 690m 1.875% 2033 Linkers, bid to cover 1.77x (1.52), yield 4.36% (4.66%)
  • ZAR 640m 2.5% 2046 Linkers, bid to cover 1.85x (2.09x), yield 4.38% (4.72%)
  • Mixed to weaker auction results across the board with bid to covers coming in mostly weaker, but average yields pushing lower.
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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