2-Year SGS Bond N523100W (26 May 2026) Cut-Off Yield 1.60%

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26 May 2026

This issue offers investors a cut-off yield of 1.60% p.a., higher than that (1.40% p.a.) of the previous issue, NX18100A (25 Feb 2026).

The total value of applications in this auction was $7.3B, representing a bid-to-cover ratio of 2.36. This is higher than the $6.2B (bid-to-cover ratio 1.89) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.60% get around 91.15% of the amount applied.

Auction Closed

Announcement Date
20 May 2026 Notify me
Auction Date
26 May 2026 Notify me
Issue Date
02 Jun 2026
Maturity Date
01 Aug 2028
Issue Code
N523100W (Reopened)
Issue No
3
ISIN Code
SGXF51035222
Coupon Rate
2.875% p.a.
Coupon Payment Dates
01 Feb and 01 Aug
Cut-Off Yield
1.60% p.a.
Cut-Off Price
103.663
Median Yield
1.59% p.a.
Median Price
103.685
Average Yield
1.56% p.a.
Average Price
103.749
Total Amount Offered
$3,100,000,000
MAS's Intended Tender Amount
$300,000,000
Accrued Interest Payable by Investor
121 Day(s)
Amount Allotted to Non-Competitive Applications
$512,065,000
Amount Allotted to MAS
$300,000,000
Total Amount Applied
$7,312,821,000
% of Competitive Applications at Cut-off Allotted
91.15%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.36

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