10-Year SGS Bond NX18100A (26 Apr 2019) Cut-Off Yield 2.20%

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26 Apr 2019

This issue offers investors a cut-off yield of 2.20% p.a., lower than that (2.65% p.a.) of the previous issue, NX18100A (26 Apr 2018).

The total value of applications in this auction was $4.4B, representing a bid-to-cover ratio of 1.83. This is lower than the $5.0B (bid-to-cover ratio 1.67) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.20% get around 6.74% of the amount applied.

Auction Closed

Announcement Date
18 Apr 2019 Notify me
Auction Date
26 Apr 2019 Notify me
Issue Date
02 May 2019
Maturity Date
01 May 2028
Issue Code
NX18100A (Reopened)
Issue No
2
ISIN Code
SG31B7000002
Coupon Rate
2.625% p.a.
Coupon Payment Dates
01 May and 01 Nov
Cut-Off Yield
2.20% p.a.
Cut-Off Price
103.459
Median Yield
2.15% p.a.
Median Price
103.874
Average Yield
1.96% p.a.
Average Price
105.468
Total Amount Offered
$2,400,000,000
MAS's Intended Tender Amount
$200,000,000
Accrued Interest Payable by Investor
1 Day(s)
Amount Allotted to Non-Competitive Applications
$304,424,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$4,398,277,000
% of Competitive Applications at Cut-off Allotted
6.74%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.83

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