2-Year SGS Bond N514100H (27 Sep 2017) Cut-Off Yield 1.43%

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27 Sep 2017

This issue offers investors a cut-off yield of 1.43% p.a., higher than that (1.36% p.a.) of the previous issue, NX09100W (26 Jan 2017).

The total value of applications in this auction was $4.3B, representing a bid-to-cover ratio of 1.79. This is lower than the $5.7B (bid-to-cover ratio 2.50) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.43% get around 77.02% of the amount applied.

Auction Closed

Announcement Date
20 Sep 2017 Notify me
Auction Date
27 Sep 2017 Notify me
Issue Date
02 Oct 2017
Maturity Date
01 Oct 2019
Issue Code
N514100H (Reopened)
Issue No
3
ISIN Code
SG3264998216
Coupon Rate
1.625% p.a.
Coupon Payment Dates
01 Oct and 01 Apr
Cut-Off Yield
1.43% p.a.
Cut-Off Price
100.387
Median Yield
1.39% p.a.
Median Price
100.465
Average Yield
1.37% p.a.
Average Price
100.505
Total Amount Offered
$2,400,000,000
MAS's Intended Tender Amount
$300,000,000
Accrued Interest Payable by Investor
1 Day(s)
Amount Allotted to Non-Competitive Applications
$374,408,000
Amount Allotted to MAS
$300,000,000
Total Amount Applied
$4,290,043,000
% of Competitive Applications at Cut-off Allotted
77.02%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.79

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