5-Year SGS Bond N523100W (27 Jul 2023) Cut-Off Yield 2.96%

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27 Jul 2023

This issue offers investors a cut-off yield of 2.96% p.a., lower than that (3.19% p.a.) of the previous issue, N521100V (29 May 2023).

The total value of applications in this auction was $6.5B, representing a bid-to-cover ratio of 2.59. This is higher than the $4.2B (bid-to-cover ratio 2.12) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.96% get around 46.98% of the amount applied.

Auction Closed

Announcement Date
20 Jul 2023 Notify me
Auction Date
27 Jul 2023 Notify me
Issue Date
01 Aug 2023
Maturity Date
01 Aug 2028
Issue Code
N523100W (New)
ISIN Code
SGXF51035222
Coupon Rate
2.875% p.a.
Coupon Payment Dates
01 Aug and 01 Feb
Cut-Off Yield
2.96% p.a.
Cut-Off Price
99.608
Median Yield
2.90% p.a.
Median Price
99.884
Average Yield
2.65% p.a.
Average Price
101.047
Total Amount Offered
$2,500,000,000
MAS's Intended Tender Amount
$300,000,000
Amount Allotted to Non-Competitive Applications
$422,517,000
Amount Allotted to MAS
$300,000,000
Total Amount Applied
$6,484,751,000
% of Competitive Applications at Cut-off Allotted
46.98%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.59

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