30-Year SGS Bond NA16100H (29 May 2017) Cut-Off Yield 2.55%

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29 May 2017

This issue offers investors a cut-off yield of 2.55% p.a., higher than that (2.29% p.a.) of the previous issue, NA16100H (27 Oct 2016).

The total value of applications in this auction was $2.4B, representing a bid-to-cover ratio of 1.57. This is higher than the $1.2B (bid-to-cover ratio 1.98) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.55% get around 14.53% of the amount applied.

Auction Closed

Announcement Date
22 May 2017 Notify me
Auction Date
29 May 2017 Notify me
Issue Date
01 Jun 2017
Maturity Date
01 Mar 2046
Issue Code
NA16100H (Reopened)
Issue No
3
ISIN Code
SG31A7000004
Coupon Rate
2.750% p.a.
Coupon Payment Dates
01 Mar and 01 Sep
Cut-Off Yield
2.55% p.a.
Cut-Off Price
104.744
Median Yield
2.48% p.a.
Median Price
106.213
Average Yield
2.47% p.a.
Average Price
106.425
Total Amount Offered
$1,500,000,000
MAS's Intended Tender Amount
$200,000,000
Accrued Interest Payable by Investor
92 Day(s)
Amount Allotted to Non-Competitive Applications
$295,744,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$2,351,349,000
% of Competitive Applications at Cut-off Allotted
14.53%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.57

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