2-Year SGS Bond NX15100Z (24 Feb 2023) Cut-Off Yield 3.66%

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24 Feb 2023

This issue offers investors a cut-off yield of 3.66% p.a., higher than that (2.70% p.a.) of the previous issue, NY09100H (28 Jun 2022).

The total value of applications in this auction was $5.4B, representing a bid-to-cover ratio of 1.70. This is higher than the $5.1B (bid-to-cover ratio 1.96) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.66% get around 100.00% of the amount applied.

Auction Closed

Announcement Date
17 Feb 2023 Notify me
Auction Date
24 Feb 2023 Notify me
Issue Date
01 Mar 2023
Maturity Date
01 Jun 2025
Issue Code
NX15100Z (Reopened)
Issue No
5
ISIN Code
SG31A0000001
Coupon Rate
2.375% p.a.
Coupon Payment Dates
01 Dec and 01 Jun
Cut-Off Yield
3.66% p.a.
Cut-Off Price
97.830
Median Yield
3.49% p.a.
Median Price
98.189
Average Yield
3.37% p.a.
Average Price
98.443
Total Amount Offered
$3,200,000,000
MAS's Intended Tender Amount
$400,000,000
Accrued Interest Payable by Investor
90 Day(s)
Amount Allotted to Non-Competitive Applications
$502,739,000
Amount Allotted to MAS
$559,476,000
Total Amount Applied
$5,427,425,000
% of Competitive Applications at Cut-off Allotted
100.00%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.70

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