20-Year SGS Bond NA12100N (29 Mar 2023) Cut-Off Yield 2.80%

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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
Coupon Rate
2.750% p.a.
Coupon Payment Dates
01 Apr and 01 Oct
Cut-Off Yield
2.80% p.a.
Cut-Off Price
Median Yield
2.58% p.a.
Median Price
Average Yield
2.41% p.a.
Average Price
Total Amount Offered
MAS's Intended Tender Amount
Accrued Interest Payable by Investor
2 Day(s)
Amount Allotted to Non-Competitive Applications
Amount Allotted to MAS
Total Amount Applied
% of Competitive Applications at Cut-off Allotted
% of Non-Competitive Applications Allotted
Bid-to-Cover Ratio

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