10-Year SGS Bond NX22100W (27 Jan 2023) Cut-Off Yield 2.86%

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27 Jan 2023

This issue offers investors a cut-off yield of 2.86% p.a., higher than that (2.71% p.a.) of the previous issue, NX22100W (27 Jul 2022).

The total value of applications in this auction was $5.8B, representing a bid-to-cover ratio of 1.70. This is lower than the $6.1B (bid-to-cover ratio 2.10) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.86% get around 67.39% of the amount applied.

Auction Closed

Announcement Date
18 Jan 2023 Notify me
Auction Date
27 Jan 2023 Notify me
Issue Date
01 Feb 2023
Maturity Date
01 Aug 2032
Issue Code
NX22100W (Reopened)
Issue No
2
ISIN Code
SGXF46767848
Coupon Rate
2.625% p.a.
Coupon Payment Dates
01 Feb and 01 Aug
Cut-Off Yield
2.86% p.a.
Cut-Off Price
98.057
Median Yield
2.81% p.a.
Median Price
98.467
Average Yield
2.75% p.a.
Average Price
98.961
Total Amount Offered
$3,400,000,000
MAS's Intended Tender Amount
$400,000,000
Accrued Interest Payable by Investor
0 Day(s)
Amount Allotted to Non-Competitive Applications
$617,542,000
Amount Allotted to MAS
$400,000,000
Total Amount Applied
$5,796,941,000
% of Competitive Applications at Cut-off Allotted
67.39%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.70

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