10-Year SGS Bond NX21100N (28 Jun 2021) Cut-Off Yield 1.63%

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28 Jun 2021

This issue offers investors a cut-off yield of 1.63% p.a., lower than that (1.71% p.a.) of the previous issue, NZ10100F (29 Mar 2021).

The total value of applications in this auction was $7.1B, representing a bid-to-cover ratio of 2.21. This is higher than the $4.4B (bid-to-cover ratio 1.69) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.63% get around 40.75% of the amount applied.

Auction Closed

Announcement Date
21 Jun 2021 Notify me
Auction Date
28 Jun 2021 Notify me
Issue Date
01 Jul 2021
Maturity Date
01 Jul 2031
Issue Code
NX21100N (New)
Coupon Rate
1.625% p.a.
Coupon Payment Dates
01 Jul and 01 Jan
Cut-Off Yield
1.63% p.a.
Cut-Off Price
Median Yield
1.60% p.a.
Median Price
Average Yield
1.55% p.a.
Average Price
Total Amount Offered
MAS's Intended Tender Amount
Amount Allotted to Non-Competitive Applications
Amount Allotted to MAS
Total Amount Applied
% of Competitive Applications at Cut-off Allotted
% of Non-Competitive Applications Allotted
Bid-to-Cover Ratio

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