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2-Year SGS Bond NX16100F (29 Jan 2024) Cut-Off Yield 3.04%
29 Jan 2024
This issue offers investors a cut-off yield of 3.04% p.a., lower than that (3.56% p.a.) of the previous issue, N520100A (29 Aug 2023).
The total value of applications in this auction was $9.6B, representing a bid-to-cover ratio of 3.20. This is higher than the $6.3B (bid-to-cover ratio 2.53) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.04% get around 31.44% of the amount applied.
Auction Closed
- Announcement Date
- 23 Jan 2024 Notify me
- Auction Date
- 29 Jan 2024 Notify me
- Issue Date
- 01 Feb 2024
- Maturity Date
- 01 Jun 2026
- Issue Code
- NX16100F (Reopened)
- Issue No
- 5
- ISIN Code
- SG31A8000003
- Coupon Rate
- 2.125% p.a.
- Coupon Payment Dates
- 01 Dec and 01 Jun
- Cut-Off Yield
- 3.04% p.a.
- Cut-Off Price
- 98.314
- Median Yield
- 2.99% p.a.
- Median Price
- 98.425
- Average Yield
- 2.92% p.a.
- Average Price
- 98.580
- Total Amount Offered
- $3,000,000,000
- MAS's Intended Tender Amount
- $300,000,000
- Accrued Interest Payable by Investor
- 62 Day(s)
- Amount Allotted to Non-Competitive Applications
- $472,361,000
- Amount Allotted to MAS
- $300,000,000
- Total Amount Applied
- $9,597,922,000
- % of Competitive Applications at Cut-off Allotted
- 31.44%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 3.20
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | New/Reopen | Code | ISIN |
|---|---|---|---|---|---|---|
| 21 Jan 2025 | 27 Jan 2025 | 03 Feb 2025 | 01 Mar 2027 | Reopen | NZ07100S | SG7J60932174 |