5-Year SGS Bond N518100E (29 Jan 2018) Cut-Off Yield 1.86%

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29 Jan 2018

This issue offers investors a cut-off yield of 1.86% p.a., higher than that (1.77% p.a.) of the previous issue, N516100Z (27 Oct 2017).

The total value of applications in this auction was $5.7B, representing a bid-to-cover ratio of 1.97. This is higher than the $2.3B (bid-to-cover ratio 2.31) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.86% get around 2.23% of the amount applied.

Auction Closed

Announcement Date
22 Jan 2018 Notify me
Auction Date
29 Jan 2018 Notify me
Issue Date
01 Feb 2018
Maturity Date
01 Feb 2023
Issue Code
N518100E (New)
ISIN Code
SG31B8000001
Coupon Rate
1.750% p.a.
Coupon Payment Dates
01 Feb and 01 Aug
Cut-Off Yield
1.86% p.a.
Cut-Off Price
99.477
Median Yield
1.83% p.a.
Median Price
99.619
Average Yield
1.81% p.a.
Average Price
99.714
Total Amount Offered
$2,900,000,000
MAS's Intended Tender Amount
$200,000,000
Amount Allotted to Non-Competitive Applications
$343,003,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$5,715,640,000
% of Competitive Applications at Cut-off Allotted
2.23%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.97

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