10-Year SGS Bond NZ10100F (29 Mar 2021) Cut-Off Yield 1.71%

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29 Mar 2021

This issue offers investors a cut-off yield of 1.71% p.a., higher than that (0.93% p.a.) of the previous issue, NZ10100F (28 Jul 2020).

The total value of applications in this auction was $4.4B, representing a bid-to-cover ratio of 1.69. This is lower than the $4.6B (bid-to-cover ratio 1.72) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.71% get around 93.55% of the amount applied.

Auction Closed

Announcement Date
22 Mar 2021 Notify me
Auction Date
29 Mar 2021 Notify me
Issue Date
01 Apr 2021
Maturity Date
01 Sep 2030
Issue Code
NZ10100F (Reopened)
Issue No
5
ISIN Code
SG7U32949426
Coupon Rate
2.875% p.a.
Coupon Payment Dates
01 Mar and 01 Sep
Cut-Off Yield
1.71% p.a.
Cut-Off Price
110.333
Median Yield
1.66% p.a.
Median Price
110.792
Average Yield
1.65% p.a.
Average Price
110.884
Total Amount Offered
$2,600,000,000
MAS's Intended Tender Amount
$300,000,000
Accrued Interest Payable by Investor
31 Day(s)
Amount Allotted to Non-Competitive Applications
$380,255,000
Amount Allotted to MAS
$300,000,000
Total Amount Applied
$4,382,746,000
% of Competitive Applications at Cut-off Allotted
93.55%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.69

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