You are not viewing the most recent issue. View the most recent issue, NX18100A (25 Feb 2026) instead.
2-Year SGS Bond N522100N (29 Jul 2025) Cut-Off Yield 1.67%
29 Jul 2025
This issue offers investors a cut-off yield of 1.67% p.a., lower than that (2.82% p.a.) of the previous issue, NZ07100S (27 Jan 2025).
The total value of applications in this auction was $7.5B, representing a bid-to-cover ratio of 2.59. This is higher than the $7.3B (bid-to-cover ratio 2.72) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.67% get around 44.45% of the amount applied.
Auction Closed
- Announcement Date
- 23 Jul 2025 Notify me
- Auction Date
- 29 Jul 2025 Notify me
- Issue Date
- 01 Aug 2025
- Maturity Date
- 01 Sep 2027
- Issue Code
- N522100N (Reopened)
- Issue No
- 3
- ISIN Code
- SGXF33080817
- Coupon Rate
- 2.875% p.a.
- Coupon Payment Dates
- 01 Mar and 01 Sep
- Cut-Off Yield
- 1.67% p.a.
- Cut-Off Price
- 103.652
- Median Yield
- 1.60% p.a.
- Median Price
- 103.798
- Average Yield
- 1.56% p.a.
- Average Price
- 103.881
- Total Amount Offered
- $2,900,000,000
- MAS's Intended Tender Amount
- $300,000,000
- Accrued Interest Payable by Investor
- 153 Day(s)
- Amount Allotted to Non-Competitive Applications
- $474,745,000
- Amount Allotted to MAS
- $300,000,000
- Total Amount Applied
- $7,508,616,000
- % of Competitive Applications at Cut-off Allotted
- 44.45%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 2.59
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | New/Reopen | Code | ISIN |
|---|---|---|---|---|---|---|
| 20 May 2026 | 26 May 2026 | 02 Jun 2026 | 01 Aug 2028 | Reopen | N523100W | SGXF51035222 |