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15-Year SGS Bond NZ16100X (28 Apr 2021) Cut-Off Yield 1.95%
28 Apr 2021
This issue offers investors a cut-off yield of 1.95% p.a., higher than that (1.20% p.a.) of the previous issue, NZ16100X (27 May 2020).
The total value of applications in this auction was $4.6B, representing a bid-to-cover ratio of 2.70. This is higher than the $2.9B (bid-to-cover ratio 1.46) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.95% get around 86.93% of the amount applied.
Auction Closed
- Announcement Date
- 21 Apr 2021 Notify me
- Auction Date
- 28 Apr 2021 Notify me
- Issue Date
- 03 May 2021
- Maturity Date
- 01 Aug 2036
- Issue Code
- NZ16100X (Reopened)
- Issue No
- 6
- ISIN Code
- SG31A9000002
- Coupon Rate
- 2.250% p.a.
- Coupon Payment Dates
- 01 Feb and 01 Aug
- Cut-Off Yield
- 1.95% p.a.
- Cut-Off Price
- 104.505
- Median Yield
- 1.93% p.a.
- Median Price
- 104.774
- Average Yield
- 1.92% p.a.
- Average Price
- 104.909
- Total Amount Offered
- $1,700,000,000
- MAS's Intended Tender Amount
- $200,000,000
- Accrued Interest Payable by Investor
- 91 Day(s)
- Amount Allotted to Non-Competitive Applications
- $302,828,000
- Amount Allotted to MAS
- $200,000,000
- Total Amount Applied
- $4,598,066,000
- % of Competitive Applications at Cut-off Allotted
- 86.93%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.70
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 |