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2-Year SGS Bond NZ07100S (27 Jan 2025) Cut-Off Yield 2.82%
27 Jan 2025
This issue offers investors a cut-off yield of 2.82% p.a., lower than that (3.46% p.a.) of the previous issue, N521100V (29 May 2024).
The total value of applications in this auction was $7.3B, representing a bid-to-cover ratio of 2.72. This is higher than the $6.0B (bid-to-cover ratio 2.08) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.82% get around 69.43% of the amount applied.
Auction Closed
- Announcement Date
- 21 Jan 2025 Notify me
- Auction Date
- 27 Jan 2025 Notify me
- Issue Date
- 03 Feb 2025
- Maturity Date
- 01 Mar 2027
- Issue Code
- NZ07100S (Reopened)
- Issue No
- 7
- ISIN Code
- SG7J60932174
- Coupon Rate
- 3.500% p.a.
- Coupon Payment Dates
- 01 Sep and 01 Mar
- Cut-Off Yield
- 2.82% p.a.
- Cut-Off Price
- 102.857
- Median Yield
- 2.78% p.a.
- Median Price
- 102.937
- Average Yield
- 2.66% p.a.
- Average Price
- 103.180
- Total Amount Offered
- $2,700,000,000
- MAS's Intended Tender Amount
- $300,000,000
- Accrued Interest Payable by Investor
- 155 Day(s)
- Amount Allotted to Non-Competitive Applications
- $400,477,000
- Amount Allotted to MAS
- $300,000,000
- Total Amount Applied
- $7,339,636,000
- % of Competitive Applications at Cut-off Allotted
- 69.43%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.72
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