5-Year SGS Bond N517100F (27 Mar 2018) Cut-Off Yield 2.08%

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27 Mar 2018

This issue offers investors a cut-off yield of 2.08% p.a., higher than that (1.86% p.a.) of the previous issue, N518100E (29 Jan 2018).

The total value of applications in this auction was $1.7B, representing a bid-to-cover ratio of 2.16. This is lower than the $5.7B (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 2.08% get around 98.13% of the amount applied.

Auction Closed

Announcement Date
20 Mar 2018 Notify me
Auction Date
27 Mar 2018 Notify me
Issue Date
02 Apr 2018
Maturity Date
01 Apr 2022
Issue Code
N517100F (Reopened)
Issue No
2
ISIN Code
SG31B5000004
Coupon Rate
1.750% p.a.
Coupon Payment Dates
01 Apr and 01 Oct
Cut-Off Yield
2.08% p.a.
Cut-Off Price
98.745
Median Yield
2.06% p.a.
Median Price
98.821
Average Yield
1.96% p.a.
Average Price
99.201
Total Amount Offered
$800,000,000
MAS's Intended Tender Amount
$0
Accrued Interest Payable by Investor
1 Day(s)
Amount Allotted to Non-Competitive Applications
$48,825,000
Amount Allotted to MAS
$0
Total Amount Applied
$1,727,994,000
% of Competitive Applications at Cut-off Allotted
98.13%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.16

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