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15-Year SGS Bond NZ13100V (29 Aug 2017) Cut-Off Yield 2.40%
29 Aug 2017
This issue offers investors a cut-off yield of 2.40% p.a., lower than that (3.05% p.a.) of the previous issue, NZ10100F (27 Aug 2015).
The total value of applications in this auction was $2.8B, representing a bid-to-cover ratio of 2.19. This is higher than the $1.8B (bid-to-cover ratio 1.65) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.40% get around 60.96% of the amount applied.
Auction Closed
- Announcement Date
- 22 Aug 2017 Notify me
- Auction Date
- 29 Aug 2017 Notify me
- Issue Date
- 04 Sep 2017
- Maturity Date
- 01 Sep 2033
- Issue Code
- NZ13100V (Reopened)
- Issue No
- 3
- ISIN Code
- SG3261987691
- Coupon Rate
- 3.375% p.a.
- Coupon Payment Dates
- 01 Sep and 01 Mar
- Cut-Off Yield
- 2.40% p.a.
- Cut-Off Price
- 112.913
- Median Yield
- 2.36% p.a.
- Median Price
- 113.483
- Average Yield
- 2.35% p.a.
- Average Price
- 113.626
- Total Amount Offered
- $1,300,000,000
- MAS's Intended Tender Amount
- $0
- Accrued Interest Payable by Investor
- 3 Day(s)
- Amount Allotted to Non-Competitive Applications
- $138,042,000
- Amount Allotted to MAS
- $0
- Total Amount Applied
- $2,843,677,000
- % of Competitive Applications at Cut-off Allotted
- 60.96%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.19
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | New/Reopen | Code | ISIN |
|---|---|---|---|---|---|---|
| 23 Jul 2024 | 29 Jul 2024 | 01 Aug 2024 | 01 Jul 2039 | Reopen | NZ19100S | SGXF13029610 |