5-Year SGS Bond N525100T (29 Oct 2025) Cut-Off Yield 1.54%

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29 Oct 2025

This issue offers investors a cut-off yield of 1.54% p.a., higher than that (1.53% p.a.) of the previous issue, NZ10100F (27 Aug 2025).

The total value of applications in this auction was $4.2B, representing a bid-to-cover ratio of 3.00. This is lower than the $6.7B (bid-to-cover ratio 2.66) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.54% get around 66.70% of the amount applied.

Auction Closed

Announcement Date
23 Oct 2025 Notify me
Auction Date
29 Oct 2025 Notify me
Issue Date
03 Nov 2025
Maturity Date
01 Apr 2030
Issue Code
N525100T (Reopened)
Issue No
2
ISIN Code
SGXF69708166
Coupon Rate
2.500% p.a.
Coupon Payment Dates
01 Oct and 01 Apr
Cut-Off Yield
1.54% p.a.
Cut-Off Price
104.304
Median Yield
1.50% p.a.
Median Price
104.478
Average Yield
1.49% p.a.
Average Price
104.521
Total Amount Offered
$1,400,000,000
MAS's Intended Tender Amount
$0
Accrued Interest Payable by Investor
33 Day(s)
Amount Allotted to Non-Competitive Applications
$80,633,000
Amount Allotted to MAS
$0
Total Amount Applied
$4,200,732,000
% of Competitive Applications at Cut-off Allotted
66.70%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
3.00

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