10-Year SGS Bond NX18100A (26 Apr 2018) Cut-Off Yield 2.65%

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26 Apr 2018

This issue offers investors a cut-off yield of 2.65% p.a., higher than that (2.35% p.a.) of the previous issue, NZ07100S (24 Feb 2017).

The total value of applications in this auction was $5.0B, representing a bid-to-cover ratio of 1.67. This is higher than the $3.6B (bid-to-cover ratio 1.55) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.65% get around 80.47% of the amount applied.

Auction Closed

Announcement Date
19 Apr 2018 Notify me
Auction Date
26 Apr 2018 Notify me
Issue Date
02 May 2018
Maturity Date
01 May 2028
Issue Code
NX18100A (New)
ISIN Code
SG31B7000002
Coupon Rate
2.625% p.a.
Coupon Payment Dates
01 May and 01 Nov
Cut-Off Yield
2.65% p.a.
Cut-Off Price
99.782
Median Yield
2.61% p.a.
Median Price
100.131
Average Yield
2.59% p.a.
Average Price
100.307
Total Amount Offered
$3,000,000,000
MAS's Intended Tender Amount
$300,000,000
Amount Allotted to Non-Competitive Applications
$469,812,000
Amount Allotted to MAS
$300,000,000
Total Amount Applied
$4,999,627,000
% of Competitive Applications at Cut-off Allotted
80.47%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.67

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