NTMA plans bond auction and buyback to ease funding requirements

UPDATE: The 2023 bonds will be offered at a price of 114.177, a 2.095% yield, the NTMA said.

2nd July, 2014
The National Treasury Management Agency

The National Treasury Management Agency (NTMA) plans to ease its funding requirements this year by buying back some debt due for repayment and offering investors the chance to swap holidays for a 2023 bond.

NTMA said it would offer to buy back the bonds at a price of 107.77, representing a yield of 0.165%.

Anyone opting to swap the bonds will be offered the 2023 bonds at a price of 114.177 (a 2.095% yield), the agency said.

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