5-Year SGS Bond N517100F (29 Mar 2017) Cut-Off Yield 1.75%

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29 Mar 2017

This issue offers investors a cut-off yield of 1.75% p.a., higher than that (1.32% p.a.) of the previous issue, N516100Z (28 Sep 2016).

The total value of applications in this auction was $4.9B, representing a bid-to-cover ratio of 1.90. This is higher than the $4.6B (bid-to-cover ratio 2.09) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.75% get around 46.06% of the amount applied.

Auction Closed

Announcement Date
22 Mar 2017 Notify me
Auction Date
29 Mar 2017 Notify me
Issue Date
03 Apr 2017
Maturity Date
01 Apr 2022
Issue Code
N517100F (New)
ISIN Code
SG31B5000004
Coupon Rate
1.750% p.a.
Coupon Payment Dates
01 Apr and 01 Oct
Cut-Off Yield
1.75% p.a.
Cut-Off Price
100.000
Median Yield
1.70% p.a.
Median Price
100.238
Average Yield
1.65% p.a.
Average Price
100.478
Total Amount Offered
$2,600,000,000
MAS's Intended Tender Amount
$200,000,000
Amount Allotted to Non-Competitive Applications
$390,436,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$4,932,868,000
% of Competitive Applications at Cut-off Allotted
46.06%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.90

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