2-Year SGS Bond NY03100A (29 Aug 2016) Cut-Off Yield 0.88%

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29 Aug 2016

This issue offers investors a cut-off yield of 0.88% p.a., lower than that (1.17% p.a.) of the previous issue, N514100H (28 Jun 2016).

The total value of applications in this auction was $5.0B, representing a bid-to-cover ratio of 2.29. This is higher than the $3.5B (bid-to-cover ratio 1.95) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.88% get around 76.01% of the amount applied.

Auction Closed

Announcement Date
22 Aug 2016 Notify me
Auction Date
29 Aug 2016 Notify me
Issue Date
01 Sep 2016
Maturity Date
01 Sep 2018
Issue Code
NY03100A (Reopened)
Issue No
4
ISIN Code
SG5856905947
Coupon Rate
4.000% p.a.
Coupon Payment Dates
01 Sep and 01 Mar
Cut-Off Yield
0.88% p.a.
Cut-Off Price
106.172
Median Yield
0.83% p.a.
Median Price
106.275
Average Yield
0.83% p.a.
Average Price
106.275
Total Amount Offered
$2,200,000,000
MAS's Intended Tender Amount
$200,000,000
Accrued Interest Payable by Investor
0 Day(s)
Amount Allotted to Non-Competitive Applications
$226,890,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$5,037,991,000
% of Competitive Applications at Cut-off Allotted
76.01%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.29

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