The Government benchmark bond, the R207 (7.25%, 2020) has reached R10 billion. Consequently, Primary Dealers are obliged to make a market in the R207 Government bond as required by the Rules in Respect of the Primary Dealers.
The R207 may be quoted at nominal minimum amounts of R10 million between Primary Dealers as well as other market participants, at the maximum bid-offer spread of 10 basis points, as from 20 June 2006.