2-year SGS Bond
N292100V
Originally auctioned 20 Jan 1992 · Matures 01 Feb 1994 · matured left
Latest cutoff yield
3.07%
Auctioned 10 Feb 1992 (reopening) · median 0.00%
Issue details
- Fixed coupon:
- 3.00% · paid 01 Aug / 01 Feb
- Tenor:
- 2 years
- Outstanding:
- S$850M
- Auctions held:
- 2 (1 original + 1 reopening)
Auction history for this issue
| Auction date | Type | Cutoff | Median | B/C | This auction |
|---|---|---|---|---|---|
| 10 Feb 1992 | reopen | 3.07% | 0.00% | 2.54 | S$300M |
| 20 Jan 1992 | new issue | 3.14% | 0.00% | 1.98 | S$550M |
2-year SGS cutoff yield history
Latest auction in context
- Yield change: The 3.07% cutoff is 7 bp lower than the prior reopening of this issue (3.14% on 20 Jan 1992).
- Price vs par: The bond cleared at S$100.05 per S$100 face value — essentially at par, with the 3.00% coupon close to the 3.07% market yield.
- Issue history: This issue has been reopened 1 time since the original auction on 20 Jan 1992. Reopenings add to the same line — same coupon, same maturity — but reprice at each auction's cutoff yield.
Descriptive observations from MAS auction history — not forecasts or recommendations.
About SGS Bonds
SGS Bonds pay the fixed coupon (3.00% in this issue's case) semi-annually on face value until maturity. The cutoff yield is what the auction priced at — it reflects the market's required return and changes at each reopening. Holding to maturity returns face value; selling earlier in the secondary market exposes you to price fluctuation as rates move.
Learn more
- The full SG retail fixed-income landscape — where SGS bonds sit alongside SSB, T-bills, FDs, MMFs, and CPF.
- Singapore T-bill auctions explained — same MAS uniform-price auction format applies to SGS bonds.
- SSB vs T-bill — the broader retail-bond decision framework, with SGS noted as the long-tenor option.