R210 maturing on 31 March 2028
17 September 2007
The National Treasury hereby announces a new Inflation Linked Bond (ILB),
the R210 maturing on 31 March 2028 to be auctioned on Friday, 21 September
2007. The auction will be conducted on a single price basis where the coupon of
the R210 will be set, based on the total bids received. Since the R210 is a
long dated instrument, the coupon will be set at 25 basis points below the
weighted average yield resulting from the bids received at the auction.
This is in line with the announcement in the 2007 Budget Review to maintain
the real yield curve so as to enhance the diversity of maturities in the
government's ILB portfolio as well as the Department's objective to develop a
full ILB yield curve.
The National Treasury reserves the right to under-allot or not to allot at
all during the auction. Terms and conditions of the R210 are available on
http://www.treasury.gov.za
Enquiries:
Thoraya Pandy
082 416 8416
Issued by: Department of National Treasury
17 September 2007
