2-Year SGS Bond N515100S (27 Mar 2018) Cut-Off Yield 1.96%

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27 Mar 2018

This issue offers investors a cut-off yield of 1.96% p.a., higher than that (1.43% p.a.) of the previous issue, N514100H (27 Sep 2017).

The total value of applications in this auction was $5.3B, representing a bid-to-cover ratio of 1.95. This is higher than the $4.3B (bid-to-cover ratio 1.79) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.96% get around 39.42% of the amount applied.

Auction Closed

Announcement Date
20 Mar 2018 Notify me
Auction Date
27 Mar 2018 Notify me
Issue Date
02 Apr 2018
Maturity Date
01 Jul 2020
Issue Code
N515100S (Reopened)
Issue No
2
ISIN Code
SG31A1000000
Coupon Rate
2.000% p.a.
Coupon Payment Dates
01 Jan and 01 Jul
Cut-Off Yield
1.96% p.a.
Cut-Off Price
100.589
Median Yield
1.94% p.a.
Median Price
100.633
Average Yield
1.89% p.a.
Average Price
100.743
Total Amount Offered
$2,700,000,000
MAS's Intended Tender Amount
$300,000,000
Accrued Interest Payable by Investor
91 Day(s)
Amount Allotted to Non-Competitive Applications
$425,207,000
Amount Allotted to MAS
$300,000,000
Total Amount Applied
$5,267,174,000
% of Competitive Applications at Cut-off Allotted
39.42%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.95

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