5-Year SGS Bond N524100X (26 Mar 2024) Cut-Off Yield 3.06%

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26 Mar 2024

This issue offers investors a cut-off yield of 3.06% p.a., lower than that (3.09% p.a.) of the previous issue, N522100N (27 Feb 2024).

The total value of applications in this auction was $5.4B, representing a bid-to-cover ratio of 1.94. This is higher than the $2.7B (bid-to-cover ratio 1.81) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.06% get around 77.51% of the amount applied.

Auction Closed

Announcement Date
20 Mar 2024 Notify me
Auction Date
26 Mar 2024 Notify me
Issue Date
01 Apr 2024
Maturity Date
01 Apr 2029
Issue Code
N524100X (New)
ISIN Code
SGXF45447632
Coupon Rate
3.000% p.a.
Coupon Payment Dates
01 Apr and 01 Oct
Cut-Off Yield
3.06% p.a.
Cut-Off Price
99.724
Median Yield
2.95% p.a.
Median Price
100.231
Average Yield
2.94% p.a.
Average Price
100.277
Total Amount Offered
$2,800,000,000
MAS's Intended Tender Amount
$300,000,000
Amount Allotted to Non-Competitive Applications
$402,457,000
Amount Allotted to MAS
$300,000,000
Total Amount Applied
$5,424,943,000
% of Competitive Applications at Cut-off Allotted
77.51%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.94

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AnnouncementAuctionIssueMaturityNew/ReopenCodeISIN
20 Mar 202526 Mar 202501 Apr 202501 Apr 2030NewN525100TSGXF69708166

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