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2-Year SGS Bond NX18100A (25 Feb 2026) Cut-Off Yield 1.40%
25 Feb 2026
This issue offers investors a cut-off yield of 1.40% p.a., lower than that (1.67% p.a.) of the previous issue, N522100N (29 Jul 2025).
The total value of applications in this auction was $6.2B, representing a bid-to-cover ratio of 1.89. This is lower than the $7.5B (bid-to-cover ratio 2.59) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.40% get around 9.35% of the amount applied.
Auction Closed
- Announcement Date
- 19 Feb 2026 Notify me
- Auction Date
- 25 Feb 2026 Notify me
- Issue Date
- 02 Mar 2026
- Maturity Date
- 01 May 2028
- Issue Code
- NX18100A (Reopened)
- Issue No
- 4
- ISIN Code
- SG31B7000002
- Coupon Rate
- 2.625% p.a.
- Coupon Payment Dates
- 01 Nov and 01 May
- Cut-Off Yield
- 1.40% p.a.
- Cut-Off Price
- 103.480
- Median Yield
- 1.34% p.a.
- Median Price
- 103.610
- Average Yield
- 1.33% p.a.
- Average Price
- 103.632
- Total Amount Offered
- $3,300,000,000
- MAS's Intended Tender Amount
- $300,000,000
- Accrued Interest Payable by Investor
- 121 Day(s)
- Amount Allotted to Non-Competitive Applications
- $422,483,000
- Amount Allotted to MAS
- $300,000,000
- Total Amount Applied
- $6,229,989,000
- % of Competitive Applications at Cut-off Allotted
- 9.35%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 1.89
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | New/Reopen | Code | ISIN |
|---|---|---|---|---|---|---|
| 23 Jul 2026 | 29 Jul 2026 | 03 Aug 2026 | 01 Apr 2029 | Reopen | N524100X | SGXF45447632 |