5-Year SGS Bond N522100N (27 Feb 2024) Cut-Off Yield 3.09%

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27 Feb 2024

This issue offers investors a cut-off yield of 3.09% p.a., higher than that (2.96% p.a.) of the previous issue, N523100W (27 Jul 2023).

The total value of applications in this auction was $2.7B, representing a bid-to-cover ratio of 1.81. This is lower than the $6.5B (bid-to-cover ratio 2.59) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.09% get around 13.61% of the amount applied.

Auction Closed

Announcement Date
21 Feb 2024 Notify me
Auction Date
27 Feb 2024 Notify me
Issue Date
01 Mar 2024
Maturity Date
01 Sep 2027
Issue Code
N522100N (Reopened)
Issue No
2
ISIN Code
SGXF33080817
Coupon Rate
2.875% p.a.
Coupon Payment Dates
01 Mar and 01 Sep
Cut-Off Yield
3.09% p.a.
Cut-Off Price
99.292
Median Yield
3.03% p.a.
Median Price
99.489
Average Yield
3.00% p.a.
Average Price
99.588
Total Amount Offered
$1,500,000,000
MAS's Intended Tender Amount
$0
Accrued Interest Payable by Investor
0 Day(s)
Amount Allotted to Non-Competitive Applications
$65,036,000
Amount Allotted to MAS
$0
Total Amount Applied
$2,709,447,000
% of Competitive Applications at Cut-off Allotted
13.61%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.81

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