5-Year SGS Bond N516100Z (28 Sep 2016) Cut-Off Yield 1.32%

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28 Sep 2016

This issue offers investors a cut-off yield of 1.32% p.a., lower than that (2.03% p.a.) of the previous issue, NX11100X (27 Jan 2016).

The total value of applications in this auction was $4.6B, representing a bid-to-cover ratio of 2.09. This is higher than the $4.1B (bid-to-cover ratio 1.97) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.32% get around 33.51% of the amount applied.

Auction Closed

Announcement Date
21 Sep 2016 Notify me
Auction Date
28 Sep 2016 Notify me
Issue Date
03 Oct 2016
Maturity Date
01 Oct 2021
Issue Code
N516100Z (New)
ISIN Code
SG31B0000009
Coupon Rate
1.250% p.a.
Coupon Payment Dates
01 Oct and 01 Apr
Cut-Off Yield
1.32% p.a.
Cut-Off Price
99.663
Median Yield
1.29% p.a.
Median Price
99.807
Average Yield
1.28% p.a.
Average Price
99.855
Total Amount Offered
$2,200,000,000
MAS's Intended Tender Amount
$200,000,000
Amount Allotted to Non-Competitive Applications
$347,865,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$4,588,823,000
% of Competitive Applications at Cut-off Allotted
33.51%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.09

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