New bond auction levels to be announced after lockdown
The National Treasury will make clear issues about an increase in auctions to finance the budget deficit
27 March 2020 - 07:49
The increase in the amount of bonds sold weekly to finance the increasing budget deficit will be announced only after SA’s 21-day lockdown ends on April 16, the National Treasury said on Friday.
The Treasury was expected to announce an increase in auction levels to cover the increase in the government’s borrowing requirements, but this has been postponed due to the coronavirus outbreak and related market volatility...
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