5-Year SGS Bond NZ10100F (27 Aug 2025) Cut-Off Yield 1.53%

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27 Aug 2025

This issue offers investors a cut-off yield of 1.53% p.a., lower than that (2.05% p.a.) of the previous issue, N524100X (28 May 2025).

The total value of applications in this auction was $6.7B, representing a bid-to-cover ratio of 2.66. This is higher than the $5.2B (bid-to-cover ratio 2.01) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.53% get around 41.49% of the amount applied.

Auction Closed

Announcement Date
21 Aug 2025 Notify me
Auction Date
27 Aug 2025 Notify me
Issue Date
01 Sep 2025
Maturity Date
01 Sep 2030
Issue Code
NZ10100F (Reopened)
Issue No
6
ISIN Code
SG7U32949426
Coupon Rate
2.875% p.a.
Coupon Payment Dates
01 Sep and 01 Mar
Cut-Off Yield
1.53% p.a.
Cut-Off Price
106.450
Median Yield
1.48% p.a.
Median Price
106.699
Average Yield
1.43% p.a.
Average Price
106.949
Total Amount Offered
$2,500,000,000
MAS's Intended Tender Amount
$300,000,000
Accrued Interest Payable by Investor
0 Day(s)
Amount Allotted to Non-Competitive Applications
$466,566,000
Amount Allotted to MAS
$300,000,000
Total Amount Applied
$6,657,181,000
% of Competitive Applications at Cut-off Allotted
41.49%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.66

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AnnouncementAuctionIssueMaturityNew/ReopenCodeISIN
22 Jan 202628 Jan 202602 Feb 202601 Apr 2030ReopenN525100TSGXF69708166

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