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20-Year SGS Bond NZ16100X (26 Apr 2017) Cut-Off Yield 2.39%
26 Apr 2017
This issue offers investors a cut-off yield of 2.39% p.a., higher than that (2.25% p.a.) of the previous issue, NZ16100X (27 Jul 2016).
The total value of applications in this auction was $1.7B, representing a bid-to-cover ratio of 2.16. This is lower than the $2.8B (bid-to-cover ratio 1.84) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.39% get around 99.42% of the amount applied.
Auction Closed
- Announcement Date
- 19 Apr 2017 Notify me
- Auction Date
- 26 Apr 2017 Notify me
- Issue Date
- 02 May 2017
- Maturity Date
- 01 Aug 2036
- Issue Code
- NZ16100X (Reopened)
- Issue No
- 2
- ISIN Code
- SG31A9000002
- Coupon Rate
- 2.250% p.a.
- Coupon Payment Dates
- 01 Feb and 01 Aug
- Cut-Off Yield
- 2.39% p.a.
- Cut-Off Price
- 98.407
- Median Yield
- 2.37% p.a.
- Median Price
- 98.711
- Average Yield
- 2.36% p.a.
- Average Price
- 98.863
- Total Amount Offered
- $800,000,000
- MAS's Intended Tender Amount
- $0
- Accrued Interest Payable by Investor
- 90 Day(s)
- Amount Allotted to Non-Competitive Applications
- $68,551,000
- Amount Allotted to MAS
- $0
- Total Amount Applied
- $1,726,761,000
- % of Competitive Applications at Cut-off Allotted
- 99.42%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.16
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