5-Year SGS Bond N518100E (27 Mar 2019) Cut-Off Yield 1.93%

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27 Mar 2019

This issue offers investors a cut-off yield of 1.93% p.a., lower than that (2.06% p.a.) of the previous issue, N519100A (29 Jan 2019).

The total value of applications in this auction was $4.2B, representing a bid-to-cover ratio of 2.09. This is lower than the $6.0B (bid-to-cover ratio 2.08) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.93% get around 36.87% of the amount applied.

Auction Closed

Announcement Date
20 Mar 2019 Notify me
Auction Date
27 Mar 2019 Notify me
Issue Date
01 Apr 2019
Maturity Date
01 Feb 2023
Issue Code
N518100E (Reopened)
Issue No
2
ISIN Code
SG31B8000001
Coupon Rate
1.750% p.a.
Coupon Payment Dates
01 Feb and 01 Aug
Cut-Off Yield
1.93% p.a.
Cut-Off Price
99.621
Median Yield
1.89% p.a.
Median Price
99.768
Average Yield
1.85% p.a.
Average Price
99.915
Total Amount Offered
$2,000,000,000
MAS's Intended Tender Amount
$100,000,000
Accrued Interest Payable by Investor
59 Day(s)
Amount Allotted to Non-Competitive Applications
$122,404,000
Amount Allotted to MAS
$100,000,000
Total Amount Applied
$4,189,319,000
% of Competitive Applications at Cut-off Allotted
36.87%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.09

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