REPUBLIC OF SOUTH AFRICA - Obligation of primary dealers in fixed rate government bonds to improve liquidity in the secondary market on the R20
R2032 201408290024A
Obligation of primary dealers in fixed rate government bonds to improve liquidity in the secondary market on the R20
National Treasury
Department:
National Treasury
REPUBLIC OF SOUTH AFRICA
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 R2032 (8.25%: 2032)
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 R2032 (8.25%: 2032) 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 R2032 (8.25%: 2032) 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:
T Moahloli M Ratsoma
Director: Debt issuance and Management Chief Director: Liability Management
012 315 5140 012 315 5337
Issued by National Treasury
Date: 29 August 2014
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