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10-Year SGS Bond NX24100T (28 May 2025) Cut-Off Yield 2.40%
28 May 2025
This issue offers investors a cut-off yield of 2.40% p.a., lower than that (2.79% p.a.) of the previous issue, NX25100H (26 Feb 2025).
The total value of applications in this auction was $2.2B, representing a bid-to-cover ratio of 2.46. This is lower than the $6.5B (bid-to-cover ratio 2.03) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.40% get around 53.63% of the amount applied.
Auction Closed
- Announcement Date
- 22 May 2025 Notify me
- Auction Date
- 28 May 2025 Notify me
- Issue Date
- 02 Jun 2025
- Maturity Date
- 01 May 2034
- Issue Code
- NX24100T (Reopened)
- Issue No
- 2
- ISIN Code
- SGXF75438295
- Coupon Rate
- 3.375% p.a.
- Coupon Payment Dates
- 01 May and 01 Nov
- Cut-Off Yield
- 2.40% p.a.
- Cut-Off Price
- 108.073
- Median Yield
- 2.38% p.a.
- Median Price
- 108.240
- Average Yield
- 2.32% p.a.
- Average Price
- 108.742
- Total Amount Offered
- $900,000,000
- MAS's Intended Tender Amount
- $0
- Accrued Interest Payable by Investor
- 32 Day(s)
- Amount Allotted to Non-Competitive Applications
- $52,108,000
- Amount Allotted to MAS
- $0
- Total Amount Applied
- $2,213,924,000
- % of Competitive Applications at Cut-off Allotted
- 53.63%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.46
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | New/Reopen | Code | ISIN |
|---|---|---|---|---|---|---|
| 21 Aug 2026 | 27 Aug 2026 | 01 Sep 2026 | 01 Aug 2036 | Reopen | NZ16100X | SG31A9000002 |