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10-Year SGS Bond NX24100T (26 Apr 2024) Cut-Off Yield 3.46%
26 Apr 2024
This issue offers investors a cut-off yield of 3.46% p.a., higher than that (3.05% p.a.) of the previous issue, NZ13100V (27 Jun 2023).
The total value of applications in this auction was $5.8B, representing a bid-to-cover ratio of 1.99. This is higher than the $4.7B (bid-to-cover ratio 1.75) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.46% get around 68.91% of the amount applied.
Auction Closed
- Announcement Date
- 22 Apr 2024 Notify me
- Auction Date
- 26 Apr 2024 Notify me
- Issue Date
- 02 May 2024
- Maturity Date
- 02 May 2034
- Issue Code
- NX24100T (New)
- ISIN Code
- SGXF75438295
- Coupon Rate
- 3.375% p.a.
- Coupon Payment Dates
- 01 May and 01 Nov
- Cut-Off Yield
- 3.46% p.a.
- Cut-Off Price
- 99.287
- Median Yield
- 3.44% p.a.
- Median Price
- 99.454
- Average Yield
- 3.33% p.a.
- Average Price
- 100.380
- Total Amount Offered
- $2,900,000,000
- MAS's Intended Tender Amount
- $300,000,000
- Amount Allotted to Non-Competitive Applications
- $507,713,000
- Amount Allotted to MAS
- $300,000,000
- Total Amount Applied
- $5,773,481,000
- % of Competitive Applications at Cut-off Allotted
- 68.91%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 1.99
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | New/Reopen | Code | ISIN |
|---|---|---|---|---|---|---|
| 23 Oct 2025 | 29 Oct 2025 | 03 Nov 2025 | 01 Aug 2036 | Reopen | NZ16100X | SG31A9000002 |