10-Year SGS Bond NY14100E (28 Aug 2019) Cut-Off Yield 1.69%

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28 Aug 2019

This issue offers investors a cut-off yield of 1.69% p.a., lower than that (2.20% p.a.) of the previous issue, NX18100A (26 Apr 2019).

The total value of applications in this auction was $5.5B, representing a bid-to-cover ratio of 1.89. This is higher than the $4.4B (bid-to-cover ratio 1.83) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.69% get around 58.46% of the amount applied.

Auction Closed

Announcement Date
21 Aug 2019 Notify me
Auction Date
28 Aug 2019 Notify me
Issue Date
02 Sep 2019
Maturity Date
01 Jul 2029
Issue Code
NY14100E (Reopened)
Issue No
2
ISIN Code
SG3263998209
Coupon Rate
2.875% p.a.
Coupon Payment Dates
01 Jul and 01 Jan
Cut-Off Yield
1.69% p.a.
Cut-Off Price
111.180
Median Yield
1.66% p.a.
Median Price
111.467
Average Yield
1.55% p.a.
Average Price
112.527
Total Amount Offered
$2,900,000,000
MAS's Intended Tender Amount
$200,000,000
Accrued Interest Payable by Investor
63 Day(s)
Amount Allotted to Non-Competitive Applications
$321,782,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$5,480,511,000
% of Competitive Applications at Cut-off Allotted
58.46%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.89

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