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2-Year SGS Bond NX15100Z (24 Feb 2023) Cut-Off Yield 3.66%
24 Feb 2023
This issue offers investors a cut-off yield of 3.66% p.a., higher than that (2.70% p.a.) of the previous issue, NY09100H (28 Jun 2022).
The total value of applications in this auction was $5.4B, representing a bid-to-cover ratio of 1.70. This is higher than the $5.1B (bid-to-cover ratio 1.96) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.66% get around 100.00% of the amount applied.
Auction Closed
- Announcement Date
- 17 Feb 2023 Notify me
- Auction Date
- 24 Feb 2023 Notify me
- Issue Date
- 01 Mar 2023
- Maturity Date
- 01 Jun 2025
- Issue Code
- NX15100Z (Reopened)
- Issue No
- 5
- ISIN Code
- SG31A0000001
- Coupon Rate
- 2.375% p.a.
- Coupon Payment Dates
- 01 Dec and 01 Jun
- Cut-Off Yield
- 3.66% p.a.
- Cut-Off Price
- 97.830
- Median Yield
- 3.49% p.a.
- Median Price
- 98.189
- Average Yield
- 3.37% p.a.
- Average Price
- 98.443
- Total Amount Offered
- $3,200,000,000
- MAS's Intended Tender Amount
- $400,000,000
- Accrued Interest Payable by Investor
- 90 Day(s)
- Amount Allotted to Non-Competitive Applications
- $502,739,000
- Amount Allotted to MAS
- $559,476,000
- Total Amount Applied
- $5,427,425,000
- % of Competitive Applications at Cut-off Allotted
- 100.00%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 1.70
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | New/Reopen | Code | ISIN |
|---|---|---|---|---|---|---|
| 23 May 2024 | 29 May 2024 | 03 Jun 2024 | 01 Nov 2026 | Reopen | N521100V | SGXF12888537 |