5-Year SGS Bond N520100A (28 Oct 2020) Cut-Off Yield 0.51%

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28 Oct 2020

This issue offers investors a cut-off yield of 0.51% p.a., lower than that (0.58% p.a.) of the previous issue, NX15100Z (26 Jun 2020).

The total value of applications in this auction was $6.6B, representing a bid-to-cover ratio of 2.29. This is higher than the $5.1B (bid-to-cover ratio 2.04) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.51% get around 83.80% of the amount applied.

Auction Closed

Announcement Date
21 Oct 2020 Notify me
Auction Date
28 Oct 2020 Notify me
Issue Date
02 Nov 2020
Maturity Date
01 Nov 2025
Issue Code
N520100A (New)
ISIN Code
SGXF29144064
Coupon Rate
0.500% p.a.
Coupon Payment Dates
01 Nov and 01 May
Cut-Off Yield
0.51% p.a.
Cut-Off Price
99.951
Median Yield
0.48% p.a.
Median Price
100.099
Average Yield
0.46% p.a.
Average Price
100.197
Total Amount Offered
$2,900,000,000
MAS's Intended Tender Amount
$200,000,000
Amount Allotted to Non-Competitive Applications
$334,453,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$6,646,331,000
% of Competitive Applications at Cut-off Allotted
83.80%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.29

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