30-Year SGS Bond NA16100H (26 Feb 2018) Cut-Off Yield 2.94%

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26 Feb 2018

This issue offers investors a cut-off yield of 2.94% p.a., higher than that (2.55% p.a.) of the previous issue, NA16100H (29 May 2017).

The total value of applications in this auction was $3.7B, representing a bid-to-cover ratio of 2.21. This is higher than the $2.4B (bid-to-cover ratio 1.57) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.94% get around 2.54% of the amount applied.

Auction Closed

Announcement Date
19 Feb 2018 Notify me
Auction Date
26 Feb 2018 Notify me
Issue Date
01 Mar 2018
Maturity Date
01 Mar 2046
Issue Code
NA16100H (Reopened)
Issue No
4
ISIN Code
SG31A7000004
Coupon Rate
2.750% p.a.
Coupon Payment Dates
01 Mar and 01 Sep
Cut-Off Yield
2.94% p.a.
Cut-Off Price
96.392
Median Yield
2.90% p.a.
Median Price
97.137
Average Yield
2.89% p.a.
Average Price
97.325
Total Amount Offered
$1,700,000,000
MAS's Intended Tender Amount
$100,000,000
Accrued Interest Payable by Investor
0 Day(s)
Amount Allotted to Non-Competitive Applications
$238,228,000
Amount Allotted to MAS
$100,000,000
Total Amount Applied
$3,749,362,000
% of Competitive Applications at Cut-off Allotted
2.54%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.21

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