South Africa Sells 800 Million Rand of Inflation-Linked Bonds
South Africa sold 800 million of inflation-linked bonds maturing in 2022 and 2033 at a central bank auction today.
The Pretoria-based Reserve Bank sold 100 million rand of 2022 bonds at an average yield of 2.46 percent, two basis points lower than at the previous auction on Oct. 7. It sold 700 million rand of notes due 2033 at a yield of 2.68 percent, eight basis points higher than at the previous auction. The central bank didn’t accept any bids for bonds due 2028.
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