2-Year SGS Bond N513100T (28 Apr 2015) Cut-Off Yield 1.21%

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28 Apr 2015

This issue offers investors a cut-off yield of 1.21% p.a., higher than that (0.86% p.a.) of the previous issue, N710100Z (28 Jan 2015).

The total value of applications in this auction was $1.9B, representing a bid-to-cover ratio of 1.86. This is lower than the $4.8B (bid-to-cover ratio 1.61) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.21% get around 3.45% of the amount applied.

Auction Closed

Announcement Date
21 Apr 2015 Notify me
Auction Date
28 Apr 2015 Notify me
Issue Date
04 May 2015
Maturity Date
01 Apr 2018
Issue Code
N513100T (Reopened)
Issue No
2
ISIN Code
SG3259987679
Coupon Rate
0.500% p.a.
Coupon Payment Dates
01 Apr and 01 Oct
Cut-Off Yield
1.21% p.a.
Cut-Off Price
98.021
Median Yield
1.17% p.a.
Median Price
98.134
Average Yield
1.13% p.a.
Average Price
98.246
Total Amount Offered
$1,000,000,000
MAS's Intended Tender Amount
$0
Accrued Interest Payable by Investor
33 Day(s)
Amount Allotted to Non-Competitive Applications
$45,121,000
Amount Allotted to MAS
$0
Total Amount Applied
$1,864,641,000
% of Competitive Applications at Cut-off Allotted
3.45%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.86

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