2-Year SGS Bond N215100F (28 Sep 2015) Cut-Off Yield 1.45%

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28 Sep 2015

This issue offers investors a cut-off yield of 1.45% p.a., higher than that (1.21% p.a.) of the previous issue, N513100T (28 Apr 2015).

The total value of applications in this auction was $4.7B, representing a bid-to-cover ratio of 1.86. This is higher than the $1.9B (bid-to-cover ratio 1.86) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.45% get around 45.71% of the amount applied.

Auction Closed

Announcement Date
18 Sep 2015 Notify me
Auction Date
28 Sep 2015 Notify me
Issue Date
01 Oct 2015
Maturity Date
01 Oct 2017
Issue Code
N215100F (New)
ISIN Code
SG31A2000009
Coupon Rate
1.375% p.a.
Coupon Payment Dates
01 Oct and 01 Apr
Cut-Off Yield
1.45% p.a.
Cut-Off Price
99.853
Median Yield
1.30% p.a.
Median Price
100.148
Average Yield
1.30% p.a.
Average Price
100.148
Total Amount Offered
$2,500,000,000
MAS's Intended Tender Amount
$200,000,000
Amount Allotted to Non-Competitive Applications
$248,458,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$4,661,585,000
% of Competitive Applications at Cut-off Allotted
45.71%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.86

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