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