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2-Year SGS Bond N521100V (29 May 2024) Cut-Off Yield 3.46%
29 May 2024
This issue offers investors a cut-off yield of 3.46% p.a., higher than that (3.04% p.a.) of the previous issue, NX16100F (29 Jan 2024).
The total value of applications in this auction was $6.0B, representing a bid-to-cover ratio of 2.08. This is lower than the $9.6B (bid-to-cover ratio 3.20) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.46% get around 28.92% of the amount applied.
Auction Closed
- Announcement Date
- 23 May 2024 Notify me
- Auction Date
- 29 May 2024 Notify me
- Issue Date
- 03 Jun 2024
- Maturity Date
- 01 Nov 2026
- Issue Code
- N521100V (Reopened)
- Issue No
- 4
- ISIN Code
- SGXF12888537
- Coupon Rate
- 1.250% p.a.
- Coupon Payment Dates
- 01 May and 01 Nov
- Cut-Off Yield
- 3.46% p.a.
- Cut-Off Price
- 95.042
- Median Yield
- 3.38% p.a.
- Median Price
- 95.220
- Average Yield
- 3.31% p.a.
- Average Price
- 95.376
- Total Amount Offered
- $2,900,000,000
- MAS's Intended Tender Amount
- $300,000,000
- Accrued Interest Payable by Investor
- 33 Day(s)
- Amount Allotted to Non-Competitive Applications
- $428,275,000
- Amount Allotted to MAS
- $300,000,000
- Total Amount Applied
- $6,040,660,000
- % of Competitive Applications at Cut-off Allotted
- 28.92%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.08
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | New/Reopen | Code | ISIN |
|---|---|---|---|---|---|---|
| 23 Jul 2025 | 29 Jul 2025 | 01 Aug 2025 | 01 Sep 2027 | Reopen | N522100N | SGXF33080817 |