50-Year SGS Bond NC22300W (26 Sep 2024) Cut-Off Yield 2.62%

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26 Sep 2024

This issue offers investors a cut-off yield of 2.62% p.a.

The total value of applications in this auction was $2.5B, representing a bid-to-cover ratio of 1.64.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.62% get around 38.91% of the amount applied.

Auction Closed

Announcement Date
20 Sep 2024 Notify me
Auction Date
26 Sep 2024 Notify me
Issue Date
01 Oct 2024
Maturity Date
01 Aug 2072
Issue Code
NC22300W (Reopened)
Issue No
3
ISIN Code
SGXF47639806
Coupon Rate
3.000% p.a.
Coupon Payment Dates
01 Aug and 01 Feb
Cut-Off Yield
2.62% p.a.
Cut-Off Price
110.823
Median Yield
2.50% p.a.
Median Price
114.401
Average Yield
2.46% p.a.
Average Price
115.630
Total Amount Offered
$1,500,000,000
MAS's Intended Tender Amount
$0
Accrued Interest Payable by Investor
61 Day(s)
Amount Allotted to Non-Competitive Applications
$92,477,000
Amount Allotted to MAS
$0
Total Amount Applied
$2,461,674,000
% of Competitive Applications at Cut-off Allotted
38.91%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.64

View Past Auctions

Upcoming Auctions

AnnouncementAuctionIssueMaturityNew/ReopenCodeISIN
22 Sep 202526 Sep 202501 Oct 202501 Aug 2072ReopenNC22300WSGXF47639806

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Recent SGS Benchmark Yield

Date14 Nov 202415 Nov 202418 Nov 202419 Nov 202420 Nov 2024
50-Year Yield (%)2.902.862.852.812.82

Source: Daily SGS Prices (MAS)

The 50-Year SGS benchmark yield reflects the bid rate quoted by SGS primary dealers. It provides an indication of the current market rate.

Auction Statistics (Last 10 Auctions in The Last 4 Years)

Cut-Off Yield, Previous Day Benchmark Yield

Auction DateIssue CodeCut-Off Yield (%)Previous Day Benchmark Yield (%)Difference (%)
26 Sep 2024NC22300W2.622.620.00

Cut-Off Yield had been in the range of 0.00 to 0.00 of Previous Day Benchmark Yield in the auctions above.

Cut-Off Yield, Median Yield, Average Yield

Auction DateIssue CodeCut-Off Yield (%)Median Yield (%)Average Yield (%)
26 Sep 2024NC22300W2.622.502.46

Total Amount Offered, Total Amount Applied, Bid-to-Cover Ratio

Auction DateIssue CodeTotal Amount OfferedTotal Amount AppliedBid-to-Cover Ratio
26 Sep 2024NC22300W$1,500,000,000$2,461,674,0001.64

Total Amount Allotted, Amount (%) Allotted to Non-Competitive Applications

Auction DateIssue CodeTotal Amount AllottedAmount Allotted to Non-Competitive Applications% Allotted to Non-Competitive Applications% of Non-Competitive Applications Allotted
26 Sep 2024NC22300W$1,500,000,000$92,477,0006.17%100.00%

Non-competitive bids will be allotted first, up to 40% of the total issuance amount. If the amount of non-competitive bids exceeds 40%, the bond will be allocated on a pro-rated basis. This means, when % Allotted to Non-Competitive Applications reaches 40%, % of Non-Competitive Applications Allotted will be less than 100%.

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