{"id":11125,"date":"2012-06-05T22:53:44","date_gmt":"2012-06-05T20:53:44","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africa-set-to-issue-new-bonds-this-week\/"},"modified":"2012-06-05T22:53:44","modified_gmt":"2012-06-05T20:53:44","slug":"s-africa-set-to-issue-new-bonds-this-week","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-set-to-issue-new-bonds-this-week\/","title":{"rendered":"S.Africa set to issue new bonds this week"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Five new bonds to be issued in next few days<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* More frequent switch auctions meant to hurry programme<br \/>\nalong<\/p>\n<p><span><\/span><\/p>\n<p>By Xola Potelwa<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, June 5 (Reuters) &#8211; South Africa may issue five<br \/>\nnew bonds as early as this week, helping to plug a 10-year<br \/>\nbenchmark gap and extend the government yield curve by a further<br \/>\nseven years, a top Treasury official said on Tuesday.<\/p>\n<p><span><\/span><\/p>\n<p>There is strong and growing demand from international<br \/>\ninvestors for bonds in Africa&#8217;s largest economy and biggest debt<br \/>\nmarket, with some analysts even seeing it as a relatively safe<br \/>\nhaven during the euro zone&#8217;s debt crisis.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s market is liquid, offers an established yield<br \/>\ncurve, and high returns, traders say, with the added attraction<br \/>\nof being promoted into a major bond index recently.<\/p>\n<p><span><\/span><\/p>\n<p>The 20-year benchmark bond is now offering 8.8<br \/>\npercent yield compared to its Mexico counterpart at 7 percent<br \/>\n.<\/p>\n<p><span><\/span><\/p>\n<p>The five new bonds were first announced in the February<br \/>\nbudget but the Treasury has kept quiet since then and has taken<br \/>\nlonger than expected to come out with the issues.<\/p>\n<p><span><\/span><\/p>\n<p>However, Monale Ratsoma, the Treasury&#8217;s head of borrowing,<br \/>\nsaid the bonds could come any day now as the department was only<br \/>\nwaiting for the completion of listing paperwork at the<br \/>\nJohannesburg Stock Exchange (JSE).<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Five new bonds to be issued in next few days * More frequent switch auctions meant to hurry programme along By Xola Potelwa JOHANNESBURG, June 5 (Reuters) &#8211; South Africa may issue five new bonds as early as this week, helping to plug a 10-year benchmark gap and extend the government yield curve by [&hellip;]<\/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-11125","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\/11125","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=11125"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11125\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}