10-Year SGS Bond NZ10100F (28 Jul 2020) Cut-Off Yield 0.93%

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28 Jul 2020

This issue offers investors a cut-off yield of 0.93% p.a., lower than that (1.64% p.a.) of the previous issue, NY14100E (29 Jan 2020).

The total value of applications in this auction was $4.6B, representing a bid-to-cover ratio of 1.72. This is lower than the $4.8B (bid-to-cover ratio 1.92) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.93% get around 34.04% of the amount applied.

Auction Closed

Announcement Date
21 Jul 2020 Notify me
Auction Date
28 Jul 2020 Notify me
Issue Date
03 Aug 2020
Maturity Date
01 Sep 2030
Issue Code
NZ10100F (Reopened)
Issue No
4
ISIN Code
SG7U32949426
Coupon Rate
2.875% p.a.
Coupon Payment Dates
01 Mar and 01 Sep
Cut-Off Yield
0.93% p.a.
Cut-Off Price
119.882
Median Yield
0.88% p.a.
Median Price
120.412
Average Yield
0.87% p.a.
Average Price
120.518
Total Amount Offered
$2,700,000,000
MAS's Intended Tender Amount
$200,000,000
Accrued Interest Payable by Investor
155 Day(s)
Amount Allotted to Non-Competitive Applications
$343,696,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$4,642,674,000
% of Competitive Applications at Cut-off Allotted
34.04%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.72

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