S.Africa’s 3-mth T-Bill avg yield dips to 4.96 pct MyZA

JOHANNESBURG, Sept 21 (Reuters) - South Africa sold 2.685 billion rand
($322.48 million) worth of three-month Treasury Bills on Friday at an average
yield of 4.96 percent compared with 4.99 percent last week. The bid-to-cover
ratio dipped to 2.9 from 3.1.

 Auction date:     21-09-2012 
 Settlement date:  26-09-2012      
 Days                       92        182        273        364   
 Amount received (R'bln)    7.796     3.83       2.18       2.23   
 Amount allotted (R'bln)    2.685     1.515      1.13       0.88   
 Bid-to-cover ratio         2.9       2.53       1.93       2.53 
 Avg discount rate (pct)    4.9       4.95       4.91       4.81  
 Average yield (pct)        4.96      5.08       5.1        5.05 
    For details of the auction double-click on  
($1 = 8.3260 South African rand)

 (Reporting by Tshepo Tshabalala; Editing by Stella Mapenzauswa)