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20-Year SGS Bond NZ16100X (27 Jun 2018) Cut-Off Yield 2.86%
27 Jun 2018
This issue offers investors a cut-off yield of 2.86% p.a., higher than that (2.39% p.a.) of the previous issue, NZ16100X (26 Apr 2017).
The total value of applications in this auction was $3.6B, representing a bid-to-cover ratio of 2.38. This is higher than the $1.7B (bid-to-cover ratio 2.16) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.86% get around 42.19% of the amount applied.
Auction Closed
- Announcement Date
- 20 Jun 2018 Notify me
- Auction Date
- 27 Jun 2018 Notify me
- Issue Date
- 02 Jul 2018
- Maturity Date
- 01 Aug 2036
- Issue Code
- NZ16100X (Reopened)
- Issue No
- 3
- ISIN Code
- SG31A9000002
- Coupon Rate
- 2.250% p.a.
- Coupon Payment Dates
- 01 Feb and 01 Aug
- Cut-Off Yield
- 2.86% p.a.
- Cut-Off Price
- 92.372
- Median Yield
- 2.82% p.a.
- Median Price
- 92.907
- Average Yield
- 2.73% p.a.
- Average Price
- 94.123
- Total Amount Offered
- $1,500,000,000
- MAS's Intended Tender Amount
- $100,000,000
- Accrued Interest Payable by Investor
- 151 Day(s)
- Amount Allotted to Non-Competitive Applications
- $186,944,000
- Amount Allotted to MAS
- $100,000,000
- Total Amount Applied
- $3,565,202,000
- % of Competitive Applications at Cut-off Allotted
- 42.19%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.38
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