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10-Year SGS Bond NZ13100V (27 Jun 2023) Cut-Off Yield 3.05%
27 Jun 2023
This issue offers investors a cut-off yield of 3.05% p.a., higher than that (2.86% p.a.) of the previous issue, NX22100W (27 Jan 2023).
The total value of applications in this auction was $4.7B, representing a bid-to-cover ratio of 1.75. This is lower than the $5.8B (bid-to-cover ratio 1.70) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.05% get around 3.12% of the amount applied.
Auction Closed
- Announcement Date
- 20 Jun 2023 Notify me
- Auction Date
- 27 Jun 2023 Notify me
- Issue Date
- 03 Jul 2023
- Maturity Date
- 01 Sep 2033
- Issue Code
- NZ13100V (Reopened)
- Issue No
- 6
- ISIN Code
- SG3261987691
- Coupon Rate
- 3.375% p.a.
- Coupon Payment Dates
- 01 Mar and 01 Sep
- Cut-Off Yield
- 3.05% p.a.
- Cut-Off Price
- 103.956
- Median Yield
- 2.97% p.a.
- Median Price
- 104.665
- Average Yield
- 2.77% p.a.
- Average Price
- 106.462
- Total Amount Offered
- $2,700,000,000
- MAS's Intended Tender Amount
- $400,000,000
- Accrued Interest Payable by Investor
- 124 Day(s)
- Amount Allotted to Non-Competitive Applications
- $518,879,000
- Amount Allotted to MAS
- $400,000,000
- Total Amount Applied
- $4,738,026,000
- % of Competitive Applications at Cut-off Allotted
- 3.12%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 1.75
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | New/Reopen | Code | ISIN |
|---|---|---|---|---|---|---|
| 23 Oct 2025 | 29 Oct 2025 | 03 Nov 2025 | 01 Aug 2036 | Reopen | NZ16100X | SG31A9000002 |