30-year SGS Bond Green SGS (Infra)
NA24300E
Originally auctioned 21 May 2024 · Matures 01 Jun 2054 · 28y 1m left
Latest cutoff yield
2.57%
Auctioned 27 Mar 2026 (reopening) · median 2.46%
Issue details
- Fixed coupon:
- 3.25% · paid 01 Dec / 01 Jun
- Tenor:
- 30 years
- Outstanding:
- S$5.8B
- Auctions held:
- 3 (1 original + 2 reopenings)
Auction history for this issue
| Auction date | Type | Cutoff | Median | B/C | This auction |
|---|---|---|---|---|---|
| 27 Mar 2026 | reopen | 2.57% | 2.46% | 1.85 | S$1.5B |
| 28 Apr 2025 | reopen | 2.62% | 2.50% | 1.84 | S$1.8B |
| 21 May 2024 | new issue | 3.30% | 0.00% | 2.40 | S$2.5B |
30-year SGS cutoff yield history
Latest auction in context
- Yield change: The 2.57% cutoff is 5 bp lower than the prior reopening of this issue (2.62% on 28 Apr 2025).
- Price vs par: The bond cleared at S$114.65 per S$100 face value — a premium, because the 3.25% fixed coupon is above the 2.57% market yield. Buyers pay more upfront for the higher coupon stream.
- Issue history: This issue has been reopened 2 times since the original auction on 21 May 2024. 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 (3.25% 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.