2-Year SGS Bond N518100E (28 Apr 2020) Cut-Off Yield 0.54%

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28 Apr 2020

This issue offers investors a cut-off yield of 0.54% p.a., lower than that (0.84% p.a.) of the previous issue, N517100F (27 Mar 2020).

The total value of applications in this auction was $5.0B, representing a bid-to-cover ratio of 2.19. This is higher than the $4.0B (bid-to-cover ratio 1.81) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.54% get around 10.23% of the amount applied.

Auction Closed

Announcement Date
21 Apr 2020 Notify me
Auction Date
28 Apr 2020 Notify me
Issue Date
04 May 2020
Maturity Date
01 Feb 2023
Issue Code
N518100E (Reopened)
Issue No
3
ISIN Code
SG31B8000001
Coupon Rate
1.750% p.a.
Coupon Payment Dates
01 Feb and 01 Aug
Cut-Off Yield
0.54% p.a.
Cut-Off Price
103.739
Median Yield
0.50% p.a.
Median Price
103.850
Average Yield
0.50% p.a.
Average Price
103.850
Total Amount Offered
$2,300,000,000
MAS's Intended Tender Amount
$200,000,000
Accrued Interest Payable by Investor
93 Day(s)
Amount Allotted to Non-Competitive Applications
$233,696,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$5,035,288,000
% of Competitive Applications at Cut-off Allotted
10.23%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.19

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