15-Year SGS Bond NY25200N (26 Jun 2025) Cut-Off Yield 2.35%

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26 Jun 2025

This issue offers investors a cut-off yield of 2.35% p.a., lower than that (3.02% p.a.) of the previous issue, NZ19100S (29 Jul 2024).

The total value of applications in this auction was $2.9B, representing a bid-to-cover ratio of 1.82. This is lower than the $4.2B (bid-to-cover ratio 2.48) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.35% get around 45.80% of the amount applied.

Auction Closed

Announcement Date
20 Jun 2025 Notify me
Auction Date
26 Jun 2025 Notify me
Issue Date
01 Jul 2025
Maturity Date
01 Jul 2040
Issue Code
NY25200N (New)
ISIN Code
SGXF29838152
Coupon Rate
2.250% p.a.
Coupon Payment Dates
01 Jul and 01 Jan
Cut-Off Yield
2.35% p.a.
Cut-Off Price
98.742
Median Yield
2.29% p.a.
Median Price
99.495
Average Yield
2.27% p.a.
Average Price
99.747
Total Amount Offered
$1,600,000,000
MAS's Intended Tender Amount
$0
Amount Allotted to Non-Competitive Applications
$110,365,000
Amount Allotted to MAS
$0
Total Amount Applied
$2,916,991,000
% of Competitive Applications at Cut-off Allotted
45.80%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.82

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