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15-Year SGS Bond NZ19100S (29 Mar 2023) Cut-Off Yield 2.80%
29 Mar 2023
This issue offers investors a cut-off yield of 2.80% p.a., higher than that (2.57% p.a.) of the previous issue, NZ16100X (29 Mar 2022).
The total value of applications in this auction was $2.9B, representing a bid-to-cover ratio of 2.10. This is higher than the $1.7B (bid-to-cover ratio 2.16) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.80% get around 84.78% of the amount applied.
Auction Closed
- Announcement Date
- 22 Mar 2023 Notify me
- Auction Date
- 29 Mar 2023 Notify me
- Issue Date
- 03 Apr 2023
- Maturity Date
- 01 Jul 2039
- Issue Code
- NZ19100S (Reopened)
- Issue No
- 3
- ISIN Code
- SGXF13029610
- Coupon Rate
- 2.375% p.a.
- Coupon Payment Dates
- 01 Jan and 01 Jul
- Cut-Off Yield
- 2.80% p.a.
- Cut-Off Price
- 95.085
- Median Yield
- 2.70% p.a.
- Median Price
- 96.351
- Average Yield
- 2.55% p.a.
- Average Price
- 98.286
- Total Amount Offered
- $1,400,000,000
- MAS's Intended Tender Amount
- $200,000,000
- Accrued Interest Payable by Investor
- 92 Day(s)
- Amount Allotted to Non-Competitive Applications
- $299,634,000
- Amount Allotted to MAS
- $200,000,000
- Total Amount Applied
- $2,939,959,000
- % of Competitive Applications at Cut-off Allotted
- 84.78%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.10
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