10-Year SGS Bond NX25100H (28 Apr 2026) Cut-Off Yield 2.09%

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28 Apr 2026

This issue offers investors a cut-off yield of 2.09% p.a., higher than that (1.99% p.a.) of the previous issue, NZ16100X (29 Oct 2025).

The total value of applications in this auction was $5.8B, representing a bid-to-cover ratio of 1.80. This is higher than the $4.2B (bid-to-cover ratio 1.69) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.09% get around 75.85% of the amount applied.

Auction Closed

Announcement Date
22 Apr 2026 Notify me
Auction Date
28 Apr 2026 Notify me
Issue Date
04 May 2026
Maturity Date
01 Mar 2035
Issue Code
NX25100H (Reopened)
Issue No
2
ISIN Code
SGXF25686589
Coupon Rate
2.750% p.a.
Coupon Payment Dates
01 Mar and 01 Sep
Cut-Off Yield
2.09% p.a.
Cut-Off Price
105.771
Median Yield
2.05% p.a.
Median Price
106.102
Average Yield
2.03% p.a.
Average Price
106.268
Total Amount Offered
$3,200,000,000
MAS's Intended Tender Amount
$300,000,000
Accrued Interest Payable by Investor
64 Day(s)
Amount Allotted to Non-Competitive Applications
$442,908,000
Amount Allotted to MAS
$300,000,000
Total Amount Applied
$5,757,146,000
% of Competitive Applications at Cut-off Allotted
75.85%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.80

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