2-Year SGS Bond N517100F (27 Mar 2020) Cut-Off Yield 0.84%

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27 Mar 2020

This issue offers investors a cut-off yield of 0.84% p.a., lower than that (1.66% p.a.) of the previous issue, N516100Z (26 Sep 2019).

The total value of applications in this auction was $4.0B, representing a bid-to-cover ratio of 1.81. This is lower than the $6.0B (bid-to-cover ratio 2.01) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.84% get around 37.60% of the amount applied.

Auction Closed

Announcement Date
20 Mar 2020 Notify me
Auction Date
27 Mar 2020 Notify me
Issue Date
01 Apr 2020
Maturity Date
01 Apr 2022
Issue Code
N517100F (Reopened)
Issue No
3
ISIN Code
SG31B5000004
Coupon Rate
1.750% p.a.
Coupon Payment Dates
01 Apr and 01 Oct
Cut-Off Yield
0.84% p.a.
Cut-Off Price
101.801
Median Yield
0.75% p.a.
Median Price
101.981
Average Yield
0.75% p.a.
Average Price
101.981
Total Amount Offered
$2,200,000,000
MAS's Intended Tender Amount
$200,000,000
Accrued Interest Payable by Investor
0 Day(s)
Amount Allotted to Non-Competitive Applications
$225,200,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$3,982,684,000
% of Competitive Applications at Cut-off Allotted
37.60%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.81

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