5-Year SGS Bond N522100N (29 Aug 2022) Cut-Off Yield 2.92%

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29 Aug 2022

This issue offers investors a cut-off yield of 2.92% p.a., higher than that (2.33% p.a.) of the previous issue, NX15100Z (27 May 2022).

The total value of applications in this auction was $5.1B, representing a bid-to-cover ratio of 1.71. This is higher than the $4.5B (bid-to-cover ratio 2.15) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.92% get around 61.18% of the amount applied.

Auction Closed

Announcement Date
22 Aug 2022 Notify me
Auction Date
29 Aug 2022 Notify me
Issue Date
01 Sep 2022
Maturity Date
01 Sep 2027
Issue Code
N522100N (New)
ISIN Code
SGXF33080817
Coupon Rate
2.875% p.a.
Coupon Payment Dates
01 Sep and 01 Mar
Cut-Off Yield
2.92% p.a.
Cut-Off Price
99.792
Median Yield
2.80% p.a.
Median Price
100.348
Average Yield
2.66% p.a.
Average Price
101.000
Total Amount Offered
$3,000,000,000
MAS's Intended Tender Amount
$300,000,000
Amount Allotted to Non-Competitive Applications
$412,758,000
Amount Allotted to MAS
$300,000,000
Total Amount Applied
$5,139,000,000
% of Competitive Applications at Cut-off Allotted
61.18%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.71

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