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Yields edge lower at S.Africa inflation-linked bond auction

2 March 2012 By admin

JOHANNESBURG, March 2 (Reuters) - South Africa sold 800 million rand
($107.22 million)worth of paper at a weekly auction of its 2028, 2017
 and 2022 inflation-linked bonds on Friday. Yields edged
slightly lower across the curve at the auction.	
    	
R210 bond due 31 March 2028 - 2.6 pct coupon	
 Auction date           March 2  Feb 24  
 Allocated (R'mln)      250      210     
 Bids received (R'mln)  940      975     
 Clearing yield (pct)   2.3      2.34
 Bid-to-cover           3.76     4.64
   	
R211 bond due 31 Jan 2017 - 2.5 pct coupon	
 Auction date           March 2  Feb 24  
 Allocated (R'mln)      310      340     
 Bids received (R'mln)  360      425     
 Clearing yield (pct)   0.83     0.85 
 Bid-to-cover           1.16     1.25
   	
R212 bond due 31 January 2022 - 2.75 pct coupon	
 Auction date           March 2  Feb 24  
 Allocated (R'mln)      240      250     
 Bids received (R'mln)  710      505   
 Clearing yield (pct)   2.08     2.09
 Bid-to-cover           2.96     2.02
 
 ($1 = 7.4609 South African rand)	
	
 (Reporting by Stella Mapenzauswa)

© Thomson Reuters 2012 All rights reserved





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Filed Under: South Africa Tagged With: news, reuters, south africa

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