bond
20 June 2006
The government benchmark bond, the R207 (7,25 percent, 2020) has reached R10
billion. Consequently, primary dealers are obliged to make a market in the R207
government bond as required by the rules in respect of the primary dealers.
The primary dealers in government bonds of the Republic of South Africa are
required to provide constant liquidity in the secondary market by quoting on
demand continuous and effective two way prices at which they stand committed to
deal, in R10 million lots of the government benchmark bonds with a minimum
total nominal outstanding amount of R10 billion.
The R207 may be quoted at nominal minimum amounts of R10 million between
primary dealers as well as other market participants at the maximum bid offer
spread of 10 basis points as from 20 June 2006.
The primary dealers have exclusive dealing rights in government bonds with
the National Treasury and the funding agent, the South African Reserve Bank
(SARB).
For further information please contact:
Phumzile Maseko
Domestic Debt Management
Tel: (012) 315 5610
André Pillay
Chief Director: Liability Management
Tel: (012) 315 5337
Issued by: National Treasury
20 June 2006
