50-Year SGS Bond NC22300W (26 Sep 2024) Cut-Off Yield 2.62%
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
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | New/Reopen | Code | ISIN |
|---|---|---|---|---|---|---|
| 22 Sep 2025 | 26 Sep 2025 | 01 Oct 2025 | 01 Aug 2072 | Reopen | NC22300W | SGXF47639806 |
Recent SGS Benchmark Yield
| Date | 16 Dec 2024 | 17 Dec 2024 | 18 Dec 2024 | 19 Dec 2024 | 20 Dec 2024 |
|---|---|---|---|---|---|
| 50-Year Yield (%) | 2.77 | 2.78 | 2.78 | 2.84 | 2.89 |
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 Date | Issue Code | Cut-Off Yield (%) | Previous Day Benchmark Yield (%) | Difference (%) |
|---|---|---|---|---|
| 26 Sep 2024 | NC22300W | 2.62 | 2.62 | 0.00 |
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 Date | Issue Code | Cut-Off Yield (%) | Median Yield (%) | Average Yield (%) |
|---|---|---|---|---|
| 26 Sep 2024 | NC22300W | 2.62 | 2.50 | 2.46 |
Total Amount Offered, Total Amount Applied, Bid-to-Cover Ratio
| Auction Date | Issue Code | Total Amount Offered | Total Amount Applied | Bid-to-Cover Ratio |
|---|---|---|---|---|
| 26 Sep 2024 | NC22300W | $1,500,000,000 | $2,461,674,000 | 1.64 |
Total Amount Allotted, Amount (%) Allotted to Non-Competitive Applications
| Auction Date | Issue Code | Total Amount Allotted | Amount Allotted to Non-Competitive Applications | % Allotted to Non-Competitive Applications | % of Non-Competitive Applications Allotted |
|---|---|---|---|---|---|
| 26 Sep 2024 | NC22300W | $1,500,000,000 | $92,477,000 | 6.17% | 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%.
The latest SSB (SBJAN25) has a 10-year average return of 2.86% p.a. View Details
The next SSB (SBFEB25) is projected to have a lower 10-year average return. View Projection