2-Year SGS Bond N518100E (24 Feb 2021) Cut-Off Yield 0.41%

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24 Feb 2021

This issue offers investors a cut-off yield of 0.41% p.a., higher than that (0.32% p.a.) of the previous issue, NY07100X (27 Aug 2020).

The total value of applications in this auction was $5.8B, representing a bid-to-cover ratio of 2.08. This is higher than the $5.7B (bid-to-cover ratio 1.98) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.41% get around 47.53% of the amount applied.

Auction Closed

Announcement Date
17 Feb 2021 Notify me
Auction Date
24 Feb 2021 Notify me
Issue Date
01 Mar 2021
Maturity Date
01 Feb 2023
Issue Code
N518100E (Reopened)
Issue No
4
ISIN Code
SG31B8000001
Coupon Rate
1.750% p.a.
Coupon Payment Dates
01 Feb and 01 Aug
Cut-Off Yield
0.41% p.a.
Cut-Off Price
102.698
Median Yield
0.38% p.a.
Median Price
102.757
Average Yield
0.35% p.a.
Average Price
102.815
Total Amount Offered
$2,800,000,000
MAS's Intended Tender Amount
$300,000,000
Accrued Interest Payable by Investor
28 Day(s)
Amount Allotted to Non-Competitive Applications
$329,325,000
Amount Allotted to MAS
$300,000,000
Total Amount Applied
$5,832,350,000
% of Competitive Applications at Cut-off Allotted
47.53%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.08

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