Government to issue new Treasury Bonds under new method
November 17, 2021
Investors are being invited to invest in a new set of two Treasury Bonds, to be issued on 29th November 2021. The Bonds will be issued under a new method.
The maturity & coupon is:
- 4-year at 3.50% p.a. and
- 6-year at 4.50% p.a. (coupons payable semi-annually)
The government is targeting to raise R400 million with the issuance of these Treasury Bonds, R200 million for each bond.
There will be two stages for the bond auctions:
- Competitive stage – for Financial Institutions (FIs) only
- Non-Competitive stage – for Individuals, Businesses and Other Legal Entities (Non-FIs) only
The Bidding Window, is from 22nd November to 8:30 a.m. on 29th November 2021.
The auction and allotment will take place on the last day of the bidding window.
For more details, click on the link below to know more.
http://www.finance.gov.sc/uploads/files/Public%20Bond%20Awareness%20.jpg
http://www.finance.gov.sc/uploads/files/New%20Method%20of%20Issuance%20for%20Treasury%20Bonds.pdf