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15-Year SGS Bond NZ16100X (27 May 2020) Cut-Off Yield 1.20%
27 May 2020
This issue offers investors a cut-off yield of 1.20% p.a., lower than that (1.88% p.a.) of the previous issue, NZ16100X (26 Sep 2019).
The total value of applications in this auction was $2.9B, representing a bid-to-cover ratio of 1.46. This is higher than the $1.5B (bid-to-cover ratio 1.83) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.20% get around 60.77% of the amount applied.
Auction Closed
- Announcement Date
- 19 May 2020 Notify me
- Auction Date
- 27 May 2020 Notify me
- Issue Date
- 01 Jun 2020
- Maturity Date
- 01 Aug 2036
- Issue Code
- NZ16100X (Reopened)
- Issue No
- 5
- ISIN Code
- SG31A9000002
- Coupon Rate
- 2.250% p.a.
- Coupon Payment Dates
- 01 Feb and 01 Aug
- Cut-Off Yield
- 1.20% p.a.
- Cut-Off Price
- 116.136
- Median Yield
- 1.03% p.a.
- Median Price
- 118.874
- Average Yield
- 0.98% p.a.
- Average Price
- 119.693
- Total Amount Offered
- $2,000,000,000
- MAS's Intended Tender Amount
- $200,000,000
- Accrued Interest Payable by Investor
- 121 Day(s)
- Amount Allotted to Non-Competitive Applications
- $291,638,000
- Amount Allotted to MAS
- $200,000,000
- Total Amount Applied
- $2,913,151,000
- % of Competitive Applications at Cut-off Allotted
- 60.77%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 1.46
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 |