10-Year SGS Bond NX21100N (24 Feb 2022) Cut-Off Yield 1.89%

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24 Feb 2022

This issue offers investors a cut-off yield of 1.89% p.a., higher than that (1.63% p.a.) of the previous issue, NX21100N (28 Jun 2021).

The total value of applications in this auction was $7.1B, representing a bid-to-cover ratio of 2.30. This is higher than the $7.1B (bid-to-cover ratio 2.21) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.89% get around 1.78% of the amount applied.

Auction Closed

Announcement Date
17 Feb 2022 Notify me
Auction Date
24 Feb 2022 Notify me
Issue Date
01 Mar 2022
Maturity Date
01 Jul 2031
Issue Code
NX21100N (Reopened)
Issue No
2
ISIN Code
SGXF76205099
Coupon Rate
1.625% p.a.
Coupon Payment Dates
01 Jan and 01 Jul
Cut-Off Yield
1.89% p.a.
Cut-Off Price
98.006
Median Yield
1.88% p.a.
Median Price
98.090
Average Yield
1.84% p.a.
Average Price
98.427
Total Amount Offered
$3,100,000,000
MAS's Intended Tender Amount
$400,000,000
Accrued Interest Payable by Investor
59 Day(s)
Amount Allotted to Non-Competitive Applications
$649,959,000
Amount Allotted to MAS
$400,000,000
Total Amount Applied
$7,120,490,000
% of Competitive Applications at Cut-off Allotted
1.78%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.30

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