2-Year SGS Bond N519100A (28 Sep 2021) Cut-Off Yield 0.58%

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28 Sep 2021

This issue offers investors a cut-off yield of 0.58% p.a., higher than that (0.46% p.a.) of the previous issue, N519100A (27 May 2021).

The total value of applications in this auction was $4.6B, representing a bid-to-cover ratio of 1.63. This is higher than the $2.6B (bid-to-cover ratio 2.03) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.58% get around 88.21% of the amount applied.

Auction Closed

Announcement Date
21 Sep 2021 Notify me
Auction Date
28 Sep 2021 Notify me
Issue Date
01 Oct 2021
Maturity Date
01 Feb 2024
Issue Code
N519100A (Reopened)
Issue No
3
ISIN Code
SGXF92110679
Coupon Rate
2.000% p.a.
Coupon Payment Dates
01 Aug and 01 Feb
Cut-Off Yield
0.58% p.a.
Cut-Off Price
103.619
Median Yield
0.53% p.a.
Median Price
103.737
Average Yield
0.52% p.a.
Average Price
103.761
Total Amount Offered
$2,800,000,000
MAS's Intended Tender Amount
$300,000,000
Accrued Interest Payable by Investor
61 Day(s)
Amount Allotted to Non-Competitive Applications
$365,367,000
Amount Allotted to MAS
$300,000,000
Total Amount Applied
$4,568,976,000
% of Competitive Applications at Cut-off Allotted
88.21%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.63

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