10-Year SGS Bond NX16100F (27 May 2016) Cut-Off Yield 2.15%

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27 May 2016

This issue offers investors a cut-off yield of 2.15% p.a., lower than that (2.42% p.a.) of the previous issue, NX15100Z (27 May 2015).

The total value of applications in this auction was $4.3B, representing a bid-to-cover ratio of 1.71. This is higher than the $4.1B (bid-to-cover ratio 1.57) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.15% get around 87.13% of the amount applied.

Auction Closed

Announcement Date
20 May 2016 Notify me
Auction Date
27 May 2016 Notify me
Issue Date
01 Jun 2016
Maturity Date
01 Jun 2026
Issue Code
NX16100F (New)
ISIN Code
SG31A8000003
Coupon Rate
2.125% p.a.
Coupon Payment Dates
01 Jun and 01 Dec
Cut-Off Yield
2.15% p.a.
Cut-Off Price
99.776
Median Yield
2.10% p.a.
Median Price
100.224
Average Yield
2.09% p.a.
Average Price
100.314
Total Amount Offered
$2,500,000,000
MAS's Intended Tender Amount
$200,000,000
Amount Allotted to Non-Competitive Applications
$377,224,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$4,266,322,000
% of Competitive Applications at Cut-off Allotted
87.13%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.71

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