Bloomberg News

South Africa Borrowing Costs Rise at Auction

June 28, 2011

(Corrects to say yield was higher in second paragraph.)

June 28 (Bloomberg) -- South Africa’s nine-year borrowing costs rose at an auction of government debt, according to central bank data on Bloomberg.

The Pretoria-based Reserve Bank sold 1.3 billion rand of 7.25 percent notes maturing in 2020 at an average yield of 8.29 percent, 10 basis points, or 0.1 percentage point, higher than at the previous auction of the debt on June 1, according to central bank data.


To contact the reporter on this story: Robert Brand in Cape Town Nef at

To contact the editor responsible for this story: Robert Brand at

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