10-Year SGS Bond NX22100W (27 Jul 2022) Cut-Off Yield 2.71%

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27 Jul 2022

This issue offers investors a cut-off yield of 2.71% p.a., higher than that (1.89% p.a.) of the previous issue, NX21100N (24 Feb 2022).

The total value of applications in this auction was $6.1B, representing a bid-to-cover ratio of 2.10. This is lower than the $7.1B (bid-to-cover ratio 2.30) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.71% get around 46.92% of the amount applied.

Auction Closed

Announcement Date
20 Jul 2022 Notify me
Auction Date
27 Jul 2022 Notify me
Issue Date
01 Aug 2022
Maturity Date
01 Aug 2032
Issue Code
NX22100W (New)
Coupon Rate
2.625% p.a.
Coupon Payment Dates
01 Aug and 01 Feb
Cut-Off Yield
2.71% p.a.
Cut-Off Price
Median Yield
2.68% p.a.
Median Price
Average Yield
2.61% p.a.
Average Price
Total Amount Offered
MAS's Intended Tender Amount
Amount Allotted to Non-Competitive Applications
Amount Allotted to MAS
Total Amount Applied
% of Competitive Applications at Cut-off Allotted
% of Non-Competitive Applications Allotted
Bid-to-Cover Ratio

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