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5-Year SGS Bond N523100W (27 Jul 2023) Cut-Off Yield 2.96%
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
Upcoming Auctions
| Announcement | Auction | Issue | Maturity | New/Reopen | Code | ISIN |
|---|---|---|---|---|---|---|
| 20 Jun 2024 | 26 Jun 2024 | 01 Jul 2024 | 01 Aug 2028 | Reopen | N523100W | SGXF51035222 |