5-year SGS Bond
N595100N
Originally auctioned 24 Jan 1995 · Matures 01 Feb 2000 · matured left
Latest cutoff yield
4.07%
Auctioned 24 Jan 1995 (original issue) · median 0.00%
Issue details
- Fixed coupon:
- 4.00% · paid 01 Aug / 01 Feb
- Tenor:
- 5 years
- Outstanding:
- S$700M
Auction history for this issue
| Auction date | Type | Cutoff | Median | B/C | This auction |
|---|---|---|---|---|---|
| 24 Jan 1995 | new issue | 4.07% | 0.00% | 2.45 | S$700M |
5-year SGS cutoff yield history
Latest auction in context
- Yield change: The 4.07% cutoff is 12 bp higher than the previous 5-year SGS auction (N594101A, 3.95% on 11 Oct 1994).
- Price vs par: The bond cleared at S$99.69 per S$100 face value — a discount, because the 4.00% fixed coupon is below the 4.07% market yield. The lower price compensates for the smaller coupon.
Descriptive observations from MAS auction history — not forecasts or recommendations.
About SGS Bonds
SGS Bonds pay the fixed coupon (4.00% 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.