REPUBLIC OF SOUTH AFRICA - Obligation of primary dealers in Fixed Rate Government Bonds to improve liquidity in the Secondary Market - R2030
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Obligation of primary dealers in Fixed Rate Government Bonds to improve liquidity in the Secondary Market - R2030
REPUBLIC OF SOUTH AFRICA
National Treasury
Department:
National Treasury
Private Bag X115, Pretoria, 0001. Tel: (+27 12) 315 5640. Fax: (+27 12) 323 1783
MEDIA STATEMENT
OBLIGATION OF PRIMARY DEALERS IN FIXED RATE GOVERNMENT BONDS TO
IMPROVE LIQUIDITY IN THE SECONDARY MARKET ON THE R2030 (8.00%: 2030)
BOND
The Primary Dealers in fixed rate government bonds of the Republic of South Africa are
required to constantly improve liquidity in the secondary market by quoting a two-way
price on the bonds that have an outstanding amount of R10 billion and more.
The outstanding amount on the R2030 (8.00%: 2030) bond has reached the R10 billion
mark and consequently Primary Dealers are obliged to quote a two-way price on this
bond as stipulated in the rules of the Primary Dealers in fixed rate government bonds of
the Republic of South Africa.
The R2030 (8.00%: 2030) bond should be quoted at a maximum bid-offer spread of
10 basis points and a minimum amount of R10 million between Primary Dealers and
other market participants.
For further enquiries contact:
P Maseko M Ratsoma
Director: Domestic Debt Management Chief Director: Liability Management
012 315 5610 012 315 5337
Issued by National Treasury
Date: 21 February 2014
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