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20-Year SGS Bond NA12100N (29 Mar 2023) Cut-Off Yield 2.80%
29 Mar 2023
This issue offers investors a cut-off yield of 2.80% p.a., higher than that (1.86% p.a.) of the previous issue, NA12100N (27 Aug 2021).
The total value of applications in this auction was $1.5B, representing a bid-to-cover ratio of 1.89. This is lower than the $3.1B (bid-to-cover ratio 2.24) received in the previous issue.
Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.80% get around 20.50% of the amount applied.
Auction Closed
- Announcement Date
- 22 Mar 2023 Notify me
- Auction Date
- 29 Mar 2023 Notify me
- Issue Date
- 03 Apr 2023
- Maturity Date
- 01 Apr 2042
- Issue Code
- NA12100N (Reopened)
- Issue No
- 5
- ISIN Code
- SG3254976487
- Coupon Rate
- 2.750% p.a.
- Coupon Payment Dates
- 01 Apr and 01 Oct
- Cut-Off Yield
- 2.80% p.a.
- Cut-Off Price
- 99.282
- Median Yield
- 2.58% p.a.
- Median Price
- 102.555
- Average Yield
- 2.41% p.a.
- Average Price
- 105.172
- Total Amount Offered
- $800,000,000
- MAS's Intended Tender Amount
- $0
- Accrued Interest Payable by Investor
- 2 Day(s)
- Amount Allotted to Non-Competitive Applications
- $60,570,000
- Amount Allotted to MAS
- $0
- Total Amount Applied
- $1,510,439,000
- % of Competitive Applications at Cut-off Allotted
- 20.50%
- % of Non-Competitive Applications Allotted
- 100.00%
- Bid-to-Cover Ratio
- 1.89
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