20-Year SGS Bond NA12100N (27 Aug 2021) Cut-Off Yield 1.86%

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27 Aug 2021

This issue offers investors a cut-off yield of 1.86% p.a., higher than that (1.27% p.a.) of the previous issue, NZ19100S (28 Sep 2020).

The total value of applications in this auction was $3.1B, representing a bid-to-cover ratio of 2.24. This is higher than the $3.1B (bid-to-cover ratio 1.71) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.86% get around 54.19% of the amount applied.

Auction Closed

Announcement Date
20 Aug 2021 Notify me
Auction Date
27 Aug 2021 Notify me
Issue Date
01 Sep 2021
Maturity Date
01 Apr 2042
Issue Code
NA12100N (Reopened)
Issue No
4
ISIN Code
SG3254976487
Coupon Rate
2.750% p.a.
Coupon Payment Dates
01 Apr and 01 Oct
Cut-Off Yield
1.86% p.a.
Cut-Off Price
116.311
Median Yield
1.83% p.a.
Median Price
116.868
Average Yield
1.77% p.a.
Average Price
117.992
Total Amount Offered
$1,400,000,000
MAS's Intended Tender Amount
$200,000,000
Accrued Interest Payable by Investor
153 Day(s)
Amount Allotted to Non-Competitive Applications
$305,142,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$3,137,563,000
% of Competitive Applications at Cut-off Allotted
54.19%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.24

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