30-Year SGS Bond NA20100F (26 Feb 2020) Cut-Off Yield 1.90%

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26 Feb 2020

This issue offers investors a cut-off yield of 1.90% p.a., lower than that (2.60% p.a.) of the previous issue, NA16100H (26 Feb 2019).

The total value of applications in this auction was $5.4B, representing a bid-to-cover ratio of 2.36. This is higher than the $3.2B (bid-to-cover ratio 1.99) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.90% get around 46.10% of the amount applied.

Auction Closed

Announcement Date
19 Feb 2020 Notify me
Auction Date
26 Feb 2020 Notify me
Issue Date
02 Mar 2020
Maturity Date
01 Mar 2050
Issue Code
NA20100F (New)
ISIN Code
SGXF27246101
Coupon Rate
1.875% p.a.
Coupon Payment Dates
01 Mar and 01 Sep
Cut-Off Yield
1.90% p.a.
Cut-Off Price
99.430
Median Yield
1.85% p.a.
Median Price
100.574
Average Yield
1.70% p.a.
Average Price
104.099
Total Amount Offered
$2,300,000,000
MAS's Intended Tender Amount
$200,000,000
Amount Allotted to Non-Competitive Applications
$331,160,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$5,417,835,000
% of Competitive Applications at Cut-off Allotted
46.10%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.36

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