Bloomberg News

South Africa 10-Year Bond Yields Decline at Auction; 2031 Rises

September 13, 2011

Sept. 13 (Bloomberg) -- South African 10-year borrowing costs declined at an auction today.

The central bank sold 1 billion rand of 6.75 percent bonds due 2021 at a yield of 7.96 percent, the central bank said in a statement on its page on Bloomberg today. That compares with 8.42 percent on July 19. It also sold 1.1 billion rand of 7 percent debt due 2031 at 8.47 percent compared with 8.25 percent at the previous sale on Aug. 30.

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net


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