10-Year SGS Bond NX21100N (28 Jun 2021) Cut-Off Yield 1.63%

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28 Jun 2021

This issue offers investors a cut-off yield of 1.63% p.a., lower than that (1.71% p.a.) of the previous issue, NZ10100F (29 Mar 2021).

The total value of applications in this auction was $7.1B, representing a bid-to-cover ratio of 2.21. This is higher than the $4.4B (bid-to-cover ratio 1.69) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.63% get around 40.75% of the amount applied.

Auction Closed

Announcement Date
21 Jun 2021 Notify me
Auction Date
28 Jun 2021 Notify me
Issue Date
01 Jul 2021
Maturity Date
01 Jul 2031
Issue Code
NX21100N (New)
ISIN Code
SGXF76205099
Coupon Rate
1.625% p.a.
Coupon Payment Dates
01 Jul and 01 Jan
Cut-Off Yield
1.63% p.a.
Cut-Off Price
99.954
Median Yield
1.60% p.a.
Median Price
100.230
Average Yield
1.55% p.a.
Average Price
100.692
Total Amount Offered
$3,200,000,000
MAS's Intended Tender Amount
$300,000,000
Amount Allotted to Non-Competitive Applications
$556,993,000
Amount Allotted to MAS
$300,000,000
Total Amount Applied
$7,067,690,000
% of Competitive Applications at Cut-off Allotted
40.75%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.21

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