5-Year SGS Bond NX13100H (28 May 2018) Cut-Off Yield 2.39%

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28 May 2018

This issue offers investors a cut-off yield of 2.39% p.a., higher than that (2.08% p.a.) of the previous issue, N517100F (27 Mar 2018).

The total value of applications in this auction was $3.4B, representing a bid-to-cover ratio of 1.53. This is higher than the $1.7B (bid-to-cover ratio 2.16) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.39% get around 30.51% of the amount applied.

Auction Closed

Announcement Date
21 May 2018 Notify me
Auction Date
28 May 2018 Notify me
Issue Date
01 Jun 2018
Maturity Date
01 Jul 2023
Issue Code
NX13100H (Reopened)
Issue No
5
ISIN Code
SG3260987684
Coupon Rate
2.750% p.a.
Coupon Payment Dates
01 Jan and 01 Jul
Cut-Off Yield
2.39% p.a.
Cut-Off Price
102.859
Median Yield
2.33% p.a.
Median Price
103.148
Average Yield
2.26% p.a.
Average Price
103.486
Total Amount Offered
$2,200,000,000
MAS's Intended Tender Amount
$200,000,000
Accrued Interest Payable by Investor
151 Day(s)
Amount Allotted to Non-Competitive Applications
$299,749,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$3,376,394,000
% of Competitive Applications at Cut-off Allotted
30.51%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.53

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