South Africa’s government auctioned 275 million rand of inflation-linked bonds for 2031 and 2038, totaling approximately $15.21 million. The auction results were reported by the central bank.
On Friday, South Africa’s government successfully auctioned a total of 275 million rand (approximately $15.21 million) in inflation-linked bonds maturing in 2031 and 2038. The details of the auction were made available by the central bank, highlighting the continued interest in these types of government securities.
This auction reflects South Africa’s ongoing efforts to offer inflation-protected investment options, demonstrating stability in its bond market amidst fluctuating economic conditions. The participation in these bonds indicates investor confidence in the government’s fiscal strategies.
Original Source: www.tradingview.com
