South Africa Auctions 1 Billion Rand of Inflation-Linked Bonds
South Africa’s government sold 1 billion rand in inflation-linked bonds, maturing in 2033, 2043, and 2058, amounting to about $54.91 million.
On Friday, South Africa’s government successfully auctioned 1 billion rand (approximately $54.91 million) in inflation-linked bonds. These bonds are set to mature in 2033, 2043, and 2058. The central bank’s data provides further details regarding the auction results, outlining the specifics of the bonds sold.
The South African government continues to engage in the bond market by selling inflation-linked bonds, demonstrating a proactive approach to funding with long-term maturity dates. This auction reflects ongoing financial strategies underpinned by inflation considerations.
Original Source: www.tradingview.com
