{"id":10004,"date":"2012-04-17T16:20:56","date_gmt":"2012-04-17T14:20:56","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-africa-in-waiting-room-for-citi-world-bond-index\/"},"modified":"2012-04-17T16:20:56","modified_gmt":"2012-04-17T14:20:56","slug":"s-africa-in-waiting-room-for-citi-world-bond-index","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-in-waiting-room-for-citi-world-bond-index\/","title":{"rendered":"S.Africa in waiting room for Citi World Bond Index"},"content":{"rendered":"

\t\t<\/span><\/p>\n

JOHANNESBURG, April 17<\/span> (Reuters) – South African bonds are
\nlikely be included in Citigroup’s World Government Bond Index
\n(WGBI) by October, widening their investor base and pulling in
\npotentially billions of dollars to the continent’s biggest debt
\nmarket, the U.S. bank said on Tuesday.<\/span><\/p>\n

<\/span><\/p>\n

The WGBI has 22 countries, and South Africa’s 11 eligible
\ngovernment bonds would have a 0.44 percent weighting in the
\nindex, based on the current $88 billion value of the debt stock.<\/p>\n

<\/span><\/p>\n

South Africa is currently in a three-month “monitoring
\nperiod” to make sure it meets entry requirements, Citigroup
\nsaid.<\/p>\n

<\/span><\/p>\n

“If South Africa continues to meet all WGBI criteria with
\nthe May and June 2012 profiles, it will become the first African
\ngovernment bond market to be included in the WGBI,” Citigroup
\nsaid in a statement.<\/p>\n

<\/span><\/p>\n

South Africa’s inclusion could attract market players who
\ntypically invest in G7 debt into Treasuries issued by the
\ngovernment of Africa’s largest economy.<\/p>\n

<\/span><\/p>\n

“The big thing about it is it will add a new investor base
\ninto South Africa and that’s probably the most important part of
\nthis inclusion,” said Leon Myburgh, sub-Sahara Africa strategist
\nat Citigroup in Johannesburg.<\/p>\n

<\/span><\/p>\n

An announcement is expected at the end of June.<\/p>\n

<\/span><\/p>\n

The only other emerging markets in the WGBI are Malaysia,
\nPoland and Mexico.\t<\/p>\n

(Reporting by Xola Potelwa)<\/p>\n

<\/span><\/p>\n

\n

\t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"

JOHANNESBURG, April 17 (Reuters) – South African bonds are likely be included in Citigroup’s World Government Bond Index (WGBI) by October, widening their investor base and pulling in potentially billions of dollars to the continent’s biggest debt market, the U.S. bank said on Tuesday. The WGBI has 22 countries, and South Africa’s 11 eligible government […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10004","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10004"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10004\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}