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5-Year SGS Bond NX18100A (26 Apr 2023) Cut-Off Yield 2.77%
26 Apr 2023
This issue offers investors a cut-off yield of 2.77% p.a., lower than that (2.92% p.a.) of the previous issue, N522100N (29 Aug 2022).
The total value of applications in this auction was $6.6B, representing a bid-to-cover ratio of 2.73. This is higher than the $5.1B (bid-to-cover ratio 1.71) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.77% get around 96.03% of the amount applied.
Auction Closed
- Announcement Date
- 19 Apr 2023 Notify me
- Auction Date
- 26 Apr 2023 Notify me
- Issue Date
- 02 May 2023
- Maturity Date
- 01 May 2028
- Issue Code
- NX18100A (Reopened)
- Issue No
- 3
- ISIN Code
- SG31B7000002
- Coupon Rate
- 2.625% p.a.
- Coupon Payment Dates
- 01 May and 01 Nov
- Cut-Off Yield
- 2.77% p.a.
- Cut-Off Price
- 99.335
- Median Yield
- 2.75% p.a.
- Median Price
- 99.427
- Average Yield
- 2.58% p.a.
- Average Price
- 100.217
- Total Amount Offered
- $2,400,000,000
- MAS's Intended Tender Amount
- $300,000,000
- Accrued Interest Payable by Investor
- 1 Day(s)
- Amount Allotted to Non-Competitive Applications
- $472,787,000
- Amount Allotted to MAS
- $300,000,000
- Total Amount Applied
- $6,558,847,000
- % of Competitive Applications at Cut-off Allotted
- 96.03%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.73
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | New/Reopen | Code | ISIN |
|---|---|---|---|---|---|---|
| 20 Mar 2025 | 26 Mar 2025 | 01 Apr 2025 | 01 Apr 2030 | New | N525100T | SGXF69708166 |