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2-Year SGS Bond N520100A (29 Aug 2023) Cut-Off Yield 3.56%
29 Aug 2023
This issue offers investors a cut-off yield of 3.56% p.a., lower than that (3.66% p.a.) of the previous issue, NX15100Z (24 Feb 2023).
The total value of applications in this auction was $6.3B, representing a bid-to-cover ratio of 2.53. This is higher than the $5.4B (bid-to-cover ratio 1.70) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.56% get around 9.12% of the amount applied.
Auction Closed
- Announcement Date
- 22 Aug 2023 Notify me
- Auction Date
- 29 Aug 2023 Notify me
- Issue Date
- 04 Sep 2023
- Maturity Date
- 01 Nov 2025
- Issue Code
- N520100A (Reopened)
- Issue No
- 3
- ISIN Code
- SGXF29144064
- Coupon Rate
- 0.500% p.a.
- Coupon Payment Dates
- 01 May and 01 Nov
- Cut-Off Yield
- 3.56% p.a.
- Cut-Off Price
- 93.869
- Median Yield
- 3.54% p.a.
- Median Price
- 93.909
- Average Yield
- 3.20% p.a.
- Average Price
- 94.585
- Total Amount Offered
- $2,500,000,000
- MAS's Intended Tender Amount
- $300,000,000
- Accrued Interest Payable by Investor
- 126 Day(s)
- Amount Allotted to Non-Competitive Applications
- $405,873,000
- Amount Allotted to MAS
- $300,000,000
- Total Amount Applied
- $6,320,649,000
- % of Competitive Applications at Cut-off Allotted
- 9.12%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.53
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | New/Reopen | Code | ISIN |
|---|---|---|---|---|---|---|
| 23 Jul 2025 | 29 Jul 2025 | 01 Aug 2025 | 01 Sep 2027 | Reopen | N522100N | SGXF33080817 |