20-Year SGS Bond NZ16100X (27 Jul 2016) Cut-Off Yield 2.25%

SGS bond splash image

27 Jul 2016

This issue offers investors a cut-off yield of 2.25% p.a.

The total value of applications in this auction was $2.8B, representing a bid-to-cover ratio of 1.84.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.25% get around 41.69% of the amount applied.

Auction Closed

Announcement Date
20 Jul 2016 Notify me
Auction Date
27 Jul 2016 Notify me
Issue Date
01 Aug 2016
Maturity Date
01 Aug 2036
Issue Code
NZ16100X (New)
ISIN Code
SG31A9000002
Coupon Rate
2.250% p.a.
Coupon Payment Dates
01 Aug and 01 Feb
Cut-Off Yield
2.25% p.a.
Cut-Off Price
100.000
Median Yield
2.21% p.a.
Median Price
100.644
Average Yield
2.19% p.a.
Average Price
100.967
Total Amount Offered
$1,500,000,000
MAS's Intended Tender Amount
$200,000,000
Amount Allotted to Non-Competitive Applications
$319,594,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$2,759,403,000
% of Competitive Applications at Cut-off Allotted
41.69%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.84

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