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10-Year SGS Bond NZ16100X (29 Oct 2025) Cut-Off Yield 1.99%
29 Oct 2025
This issue offers investors a cut-off yield of 1.99% p.a., lower than that (2.40% p.a.) of the previous issue, NX24100T (28 May 2025).
The total value of applications in this auction was $4.2B, representing a bid-to-cover ratio of 1.69. This is higher than the $2.2B (bid-to-cover ratio 2.46) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.99% get around 76.93% of the amount applied.
Auction Closed
- Announcement Date
- 23 Oct 2025 Notify me
- Auction Date
- 29 Oct 2025 Notify me
- Issue Date
- 03 Nov 2025
- Maturity Date
- 01 Aug 2036
- Issue Code
- NZ16100X (Reopened)
- Issue No
- 8
- ISIN Code
- SG31A9000002
- Coupon Rate
- 2.250% p.a.
- Coupon Payment Dates
- 01 Aug and 01 Feb
- Cut-Off Yield
- 1.99% p.a.
- Cut-Off Price
- 103.078
- Median Yield
- 1.89% p.a.
- Median Price
- 104.059
- Average Yield
- 1.89% p.a.
- Average Price
- 104.059
- Total Amount Offered
- $2,500,000,000
- MAS's Intended Tender Amount
- $300,000,000
- Accrued Interest Payable by Investor
- 94 Day(s)
- Amount Allotted to Non-Competitive Applications
- $386,303,000
- Amount Allotted to MAS
- $300,000,000
- Total Amount Applied
- $4,232,382,000
- % of Competitive Applications at Cut-off Allotted
- 76.93%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 1.69
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | New/Reopen | Code | ISIN |
|---|---|---|---|---|---|---|
| 21 Aug 2026 | 27 Aug 2026 | 01 Sep 2026 | 01 Aug 2036 | Reopen | NZ16100X | SG31A9000002 |