30-Year SGS Bond NA16100H (25 Feb 2016) Cut-Off Yield 2.87%

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25 Feb 2016

This issue offers investors a cut-off yield of 2.87% p.a., higher than that (2.86% p.a.) of the previous issue, NA12100N (25 Feb 2015).

The total value of applications in this auction was $3.1B, representing a bid-to-cover ratio of 1.57. This is lower than the $3.3B (bid-to-cover ratio 1.85) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.87% get around 38.67% of the amount applied.

Auction Closed

Announcement Date
18 Feb 2016 Notify me
Auction Date
25 Feb 2016 Notify me
Issue Date
01 Mar 2016
Maturity Date
01 Mar 2046
Issue Code
NA16100H (New)
ISIN Code
SG31A7000004
Coupon Rate
2.750% p.a.
Coupon Payment Dates
01 Mar and 01 Sep
Cut-Off Yield
2.87% p.a.
Cut-Off Price
97.597
Median Yield
2.77% p.a.
Median Price
99.594
Average Yield
2.64% p.a.
Average Price
102.270
Total Amount Offered
$2,000,000,000
MAS's Intended Tender Amount
$200,000,000
Amount Allotted to Non-Competitive Applications
$366,339,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$3,136,319,000
% of Competitive Applications at Cut-off Allotted
38.67%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.57

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