2-Year SGS Bond N516100Z (29 May 2019) Cut-Off Yield 1.94%

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29 May 2019

This issue offers investors a cut-off yield of 1.94% p.a., higher than that (1.92% p.a.) of the previous issue, NY05100N (29 Aug 2018).

The total value of applications in this auction was $5.9B, representing a bid-to-cover ratio of 2.02. This is lower than the $5.9B (bid-to-cover ratio 2.19) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.94% get around 53.46% of the amount applied.

Auction Closed

Announcement Date
22 May 2019 Notify me
Auction Date
29 May 2019 Notify me
Issue Date
03 Jun 2019
Maturity Date
01 Oct 2021
Issue Code
N516100Z (Reopened)
Issue No
3
ISIN Code
SG31B0000009
Coupon Rate
1.250% p.a.
Coupon Payment Dates
01 Apr and 01 Oct
Cut-Off Yield
1.94% p.a.
Cut-Off Price
98.651
Median Yield
1.90% p.a.
Median Price
98.741
Average Yield
1.86% p.a.
Average Price
98.831
Total Amount Offered
$2,900,000,000
MAS's Intended Tender Amount
$300,000,000
Accrued Interest Payable by Investor
63 Day(s)
Amount Allotted to Non-Competitive Applications
$318,472,000
Amount Allotted to MAS
$300,000,000
Total Amount Applied
$5,869,317,000
% of Competitive Applications at Cut-off Allotted
53.46%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.02

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