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15-Year SGS Bond NZ16100X (26 Sep 2019) Cut-Off Yield 1.88%
26 Sep 2019
This issue offers investors a cut-off yield of 1.88% p.a., lower than that (2.80% p.a.) of the previous issue, NZ13100V (26 Sep 2018).
The total value of applications in this auction was $1.5B, representing a bid-to-cover ratio of 1.83. This is lower than the $3.4B (bid-to-cover ratio 2.25) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.88% get around 59.06% of the amount applied.
Auction Closed
- Announcement Date
- 19 Sep 2019 Notify me
- Auction Date
- 26 Sep 2019 Notify me
- Issue Date
- 01 Oct 2019
- Maturity Date
- 01 Aug 2036
- Issue Code
- NZ16100X (Reopened)
- Issue No
- 4
- ISIN Code
- SG31A9000002
- Coupon Rate
- 2.250% p.a.
- Coupon Payment Dates
- 01 Aug and 01 Feb
- Cut-Off Yield
- 1.88% p.a.
- Cut-Off Price
- 105.690
- Median Yield
- 1.85% p.a.
- Median Price
- 106.135
- Average Yield
- 1.84% p.a.
- Average Price
- 106.284
- Total Amount Offered
- $800,000,000
- MAS's Intended Tender Amount
- $0
- Accrued Interest Payable by Investor
- 61 Day(s)
- Amount Allotted to Non-Competitive Applications
- $35,829,000
- Amount Allotted to MAS
- $0
- Total Amount Applied
- $1,464,080,000
- % of Competitive Applications at Cut-off Allotted
- 59.06%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 1.83
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 |