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10-Year SGS Bond NZ07100S (24 Feb 2017) Cut-Off Yield 2.35%
24 Feb 2017
This issue offers investors a cut-off yield of 2.35% p.a., higher than that (2.15% p.a.) of the previous issue, NX16100F (27 May 2016).
The total value of applications in this auction was $3.6B, representing a bid-to-cover ratio of 1.55. This is lower than the $4.3B (bid-to-cover ratio 1.71) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.35% get around 13.25% of the amount applied.
Auction Closed
- Announcement Date
- 17 Feb 2017 Notify me
- Auction Date
- 24 Feb 2017 Notify me
- Issue Date
- 01 Mar 2017
- Maturity Date
- 01 Mar 2027
- Issue Code
- NZ07100S (Reopened)
- Issue No
- 5
- ISIN Code
- SG7J60932174
- Coupon Rate
- 3.500% p.a.
- Coupon Payment Dates
- 01 Mar and 01 Sep
- Cut-Off Yield
- 2.35% p.a.
- Cut-Off Price
- 110.196
- Median Yield
- 2.28% p.a.
- Median Price
- 110.854
- Average Yield
- 2.27% p.a.
- Average Price
- 110.949
- Total Amount Offered
- $2,300,000,000
- MAS's Intended Tender Amount
- $100,000,000
- Accrued Interest Payable by Investor
- 0 Day(s)
- Amount Allotted to Non-Competitive Applications
- $234,484,000
- Amount Allotted to MAS
- $100,000,000
- Total Amount Applied
- $3,570,168,000
- % of Competitive Applications at Cut-off Allotted
- 13.25%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 1.55
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