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15-Year SGS Bond NZ16100X (29 Mar 2022) Cut-Off Yield 2.57%
29 Mar 2022
This issue offers investors a cut-off yield of 2.57% p.a., higher than that (1.95% p.a.) of the previous issue, NZ16100X (28 Apr 2021).
The total value of applications in this auction was $1.7B, representing a bid-to-cover ratio of 2.16. This is lower than the $4.6B (bid-to-cover ratio 2.70) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.57% get around 69.26% of the amount applied.
Auction Closed
- Announcement Date
- 22 Mar 2022 Notify me
- Auction Date
- 29 Mar 2022 Notify me
- Issue Date
- 01 Apr 2022
- Maturity Date
- 01 Aug 2036
- Issue Code
- NZ16100X (Reopened)
- Issue No
- 7
- ISIN Code
- SG31A9000002
- Coupon Rate
- 2.250% p.a.
- Coupon Payment Dates
- 01 Feb and 01 Aug
- Cut-Off Yield
- 2.57% p.a.
- Cut-Off Price
- 96.548
- Median Yield
- 2.53% p.a.
- Median Price
- 97.016
- Average Yield
- 2.47% p.a.
- Average Price
- 97.723
- Total Amount Offered
- $800,000,000
- MAS's Intended Tender Amount
- $0
- Accrued Interest Payable by Investor
- 59 Day(s)
- Amount Allotted to Non-Competitive Applications
- $49,706,000
- Amount Allotted to MAS
- $0
- Total Amount Applied
- $1,729,108,000
- % of Competitive Applications at Cut-off Allotted
- 69.26%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.16
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 |