S.Africa 3mth T-Bill avg yield lower at 5.08 pct MyZA

JOHANNESBURG, Aug 24 (Reuters) - South Africa sold 2.685 billion rand ($320
million) worth of three-month Treasury Bills on Friday at an average yield of
5.08 percent, slightly lower than last week's yield of 5.11 percent.
    The bid-to-cover ratio for the three-month bills dipped to 2.3 from 3.2
previously, Reserve Bank data showed.
     
     Auction date:     24-08-2012
     Settlement date:  29-08-2012     
 Days                       91        182        273        364  
 Amount received (R'bln)    6.295     4.217      3.397      2.035 
 Amount allotted (R'bln)    2.685     1.515      1.13       0.88  
 Bid-to-cover ratio         2.3       2.8        3.0        2.3
 Avg discount rate (pct)    5.02      5.01       4.92       4.82 
 Average yield (pct)        5.08      5.14       5.11       5.06
    For details of the auction double-click on 
($1 = 8.3956 South African rand)

 (Reporting by Tshepo Tshabalala)