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)
ISIN Code
SGXF46767848
Coupon Rate
2.625% p.a.
Coupon Payment Dates
01 Aug and 01 Feb
Cut-Off Yield
2.71% p.a.
Cut-Off Price
99.260
Median Yield
2.68% p.a.
Median Price
99.520
Average Yield
2.61% p.a.
Average Price
100.131
Total Amount Offered
$2,900,000,000
MAS's Intended Tender Amount
$300,000,000
Amount Allotted to Non-Competitive Applications
$510,121,000
Amount Allotted to MAS
$300,000,000
Total Amount Applied
$6,079,800,000
% of Competitive Applications at Cut-off Allotted
46.92%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.10

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