30-Year SGS Bond NA21200W (27 Sep 2023) Cut-Off Yield 3.11%

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27 Sep 2023

This issue offers investors a cut-off yield of 3.11% p.a., lower than that (3.28% p.a.) of the previous issue, NA21200W (28 Sep 2022).

The total value of applications in this auction was $3.3B, representing a bid-to-cover ratio of 2.20. This is lower than the $3.9B (bid-to-cover ratio 2.05) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.11% get around 52.36% of the amount applied.

Auction Closed

Announcement Date
20 Sep 2023 Notify me
Auction Date
27 Sep 2023 Notify me
Issue Date
02 Oct 2023
Maturity Date
01 Oct 2051
Issue Code
NA21200W (Reopened)
Issue No
3
ISIN Code
SGXF89085702
Coupon Rate
1.875% p.a.
Coupon Payment Dates
01 Oct and 01 Apr
Cut-Off Yield
3.11% p.a.
Cut-Off Price
77.031
Median Yield
3.10% p.a.
Median Price
77.190
Average Yield
2.98% p.a.
Average Price
79.123
Total Amount Offered
$1,500,000,000
MAS's Intended Tender Amount
$0
Accrued Interest Payable by Investor
1 Day(s)
Amount Allotted to Non-Competitive Applications
$60,304,000
Amount Allotted to MAS
$0
Total Amount Applied
$3,297,097,000
% of Competitive Applications at Cut-off Allotted
52.36%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.20

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