Foreigners flock to SA bonds

Johannesburg - Foreigners were net buyers of R4.325bn of South African bonds including repurchase agreements in the week ended June 11, after net purchases of R2.555bn of local the week before, figures from the Bond Exchange of South Africa show.

This brought net purchases including repurchase agreements for 2010 year to date to R33.044bn.

In 2009 foreigners were net sellers of bonds including repurchase agreements of R2.424bn. In 2008 foreigners were net sellers of R40.729bn worth of South African bonds, including repurchase transactions.

Foreigners were net buyers of R4.295bn of South African bonds excluding repurchase agreements last week, after net purchases of R2.488bn of local bonds the week before.

This brought net purchases excluding repurchase agreements for 2010 to date to R36.366bn.

In 2009 foreigners were net buyers of bonds excluding repurchase agreements of R27.346bn.

Foreigners were net buyers of local bonds to the tune of a revised R6.594bn in 2007, including repurchase agreements, after net purchases of R31.997bn in 2006 and net sales of R7.106bn worth of local bonds in 2005.

- I-Net Bridge

 

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