20-Year SGS Bond NA16100H (27 Feb 2024) Cut-Off Yield 3.08%

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27 Feb 2024

This issue offers investors a cut-off yield of 3.08% p.a., higher than that (2.80% p.a.) of the previous issue, NA12100N (29 Mar 2023).

The total value of applications in this auction was $4.5B, representing a bid-to-cover ratio of 2.13. This is higher than the $1.5B (bid-to-cover ratio 1.89) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.08% get around 24.79% of the amount applied.

Auction Closed

Announcement Date
21 Feb 2024 Notify me
Auction Date
27 Feb 2024 Notify me
Issue Date
01 Mar 2024
Maturity Date
01 Mar 2046
Issue Code
NA16100H (Reopened)
Issue No
6
ISIN Code
SG31A7000004
Coupon Rate
2.750% p.a.
Coupon Payment Dates
01 Mar and 01 Sep
Cut-Off Yield
3.08% p.a.
Cut-Off Price
94.755
Median Yield
3.02% p.a.
Median Price
95.683
Average Yield
2.92% p.a.
Average Price
97.255
Total Amount Offered
$2,100,000,000
MAS's Intended Tender Amount
$200,000,000
Accrued Interest Payable by Investor
0 Day(s)
Amount Allotted to Non-Competitive Applications
$315,433,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$4,467,394,000
% of Competitive Applications at Cut-off Allotted
24.79%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.13

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