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20-Year SGS Bond NZ19100S (26 Jun 2019) Cut-Off Yield 2.41%
26 Jun 2019
This issue offers investors a cut-off yield of 2.41% p.a., lower than that (2.86% p.a.) of the previous issue, NZ16100X (27 Jun 2018).
The total value of applications in this auction was $3.7B, representing a bid-to-cover ratio of 1.96. This is higher than the $3.6B (bid-to-cover ratio 2.38) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.41% get around 9.43% of the amount applied.
Auction Closed
- Announcement Date
- 19 Jun 2019 Notify me
- Auction Date
- 26 Jun 2019 Notify me
- Issue Date
- 01 Jul 2019
- Maturity Date
- 01 Jul 2039
- Issue Code
- NZ19100S (New)
- ISIN Code
- SGXF13029610
- Coupon Rate
- 2.375% p.a.
- Coupon Payment Dates
- 01 Jul and 01 Jan
- Cut-Off Yield
- 2.41% p.a.
- Cut-Off Price
- 99.447
- Median Yield
- 2.35% p.a.
- Median Price
- 100.397
- Average Yield
- 2.17% p.a.
- Average Price
- 103.312
- Total Amount Offered
- $1,900,000,000
- MAS's Intended Tender Amount
- $200,000,000
- Amount Allotted to Non-Competitive Applications
- $305,612,000
- Amount Allotted to MAS
- $200,000,000
- Total Amount Applied
- $3,728,031,000
- % of Competitive Applications at Cut-off Allotted
- 9.43%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 1.96
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