Government Switch Bond Auctions

Government Switch Bond Auctions

1 .) Government Switch Bond Auction Invitation2019/04/26 11:56:19
Participation in the following NT switch bond auction is invited:
Auction Date2019/04/26
Settlement Date 2019/05/02
Start Time14:00:00 PM
Closing Time14:30:00 PM
Results at15:00:00 PM
Indicative yield to be released at 13:45:00 PM
Source BondIndic Yld On OfferIndic Yld
Source BondDest Bond
R 2076.29010,000R R2023,R186,R2030,R2137.80%,8.59%,9.18%,9.30%
R 2076.290R R2032,R2035,R209.R20379.41%,9.64%,9.58%,9.73%
R 2076.290R R2040,R214,R2044,R20489.81%,9.79%,9.83%,9.77%
0.000
The NT reserves the right to decide on the min and max amount to be allocated.
For any queries contact the dealing desk on (012) 313-4952
2 .) Government Switch Bond Auction Results2019/04/26 12:51:24
Auction Date2019-04-26
Settlement Date 2019-05-02
Destination BondsR2023R186R2030R213
Outstanding Amounts96,874226,074136,888110,792
Lowest Yield Allotted (%) 7.8008.5909.1809.300
Weighted Average Yield (%) 7.8008.5909.1809.300
Nominal of Dest. Bond (R''m)1,0013,5922840
Highest Yield Allocated in Full 7.8008.5909.1809.300
Worst Bid Received7.808.599.189.30
Source BondR207
Nominal of Source Bond Switched (R''m)9853,9952600
Total Number of Bids Received41630
Total Amt of Bids Received (R''m)9853,9952600
Total Number of Successful Bids 41630
Results Page 2
Destination BondsR2032R2035R209R2037
Outstanding Amounts106,69192,155101,280122,419
Lowest Yield Allotted (%) 9.4109.6409.5809.730
Weighted Average Yield (%) 9.4109.6409.5809.730
Nominal of Dest. Bond (R''m)1,0264152,981146
Highest Yield Allocated in Full 9.4109.6409.5809.730
Worst Bid Received9.419.649.589.73
Source Bond207
Nominal of Source Bond Switched (R''m)9203852,115130
Total Number of Bids Received5441
Total Amt of Bids Received (R''m)9203852,115130
Total Number of Successful Bids 5441
Results Page 3
Destination BondsR2040R214R2044R2048
Outstanding Amounts87,83592,233137,404221,965
Lowest Yield Allotted (%) 9.8109.7909.8309.770
Weighted Average Yield (%) 9.8109.7909.8309.770
Nominal of Dest. Bond (R''m)7081,1479751,877
Highest Yield allocated in full 9.8109.7909.8309.770
Worst Bid Received9.819.799.839.77
Source Bond207
Nominal of Source Bond Switched (R''m)6558008751,675
Total Number of Bids Received4329
Total Amt of Bids Received (R''m)6558008751,675
Total Number of Successful Bids 4329
Results Page 4
Destination Bonds
Outstanding Amounts
Lowest Yield Allotted (%)
Weighted Average Yield (%)
Nominal of Dest. Bond (R''m)
Highest Yield Allocated in Full
Worst Bid Received
Source Bond
Nominal of Source Bond Switched (R''m)
Total Number of Bids Received
Total Amt of Bids Received (R''m)
Total Number of Successful Bids
3 .) Government Switch Bond Auction Terms and Conditions2015/03/06 10:15:15
This auction will be conducted on a cash neutral basis and an All-in-Pricing
method is applicable. Bids should be submitted in minimum of R10 million and
multiples of R5 million thereafter. Bids should be submitted to the nearest
A facility is available to successful participants to top-up any odd-lots
of the destination bonds allotted to the nearest R1 million.
The facility is available until 12h00 and will settle T+2.
Please refer to the general terms and conditions of the switch facility
in the paragraph which states:
"The National Treasury reserves the right to switch nothing or less than the
announced amount if warranted by market conditions."
For any queries see National Treasury website (www.treasury.gov.za) or
contact, Mr J Krynauw or Ms Maseko on (012)315-5610.