South Africa’s government sold 1 billion rand in inflation-linked bonds at auction. The bonds include maturities for 2033, 2043, and 2058, with central bank data confirming the results. The auction attracted approximately $54.91 million.
The South African government recently conducted an auction, successfully selling 1 billion rand, equivalent to approximately $54.91 million, in inflation-linked bonds. The bonds included maturities for the years 2033, 2043, and 2058. This information was confirmed by data released by the central bank on Friday. The exchange rate noted was $1 to 18.2105 rand.
In summary, South Africa’s government effectively raised 1 billion rand through a recent auction of inflation-linked bonds, signifying its continuous engagement in the financial markets. The bonds issued span maturities until 2033, 2043, and 2058, reflecting a strategic approach to managing inflation risk.
Original Source: www.tradingview.com
