Key Details
| SGS Type | Green SGS (Infrastructure) |
| Issue Code | NC22300W (reopened) |
| ISIN Code | SGXF47639806 |
| Issue Date | 04 Sep 2023 |
| Maturity Date | 01 Aug 2072 |
| Total Amount Offered | S$2,800,000,000 |
| MAS' Intended Application Amount | Nil. |
| Price of Reopened Issue | S$99.260 per S$100 of principal amount of the Bonds |
| Yield of Reopened Issue |
3.04% per annum |
| Coupon Rate | 3.000% p.a. |
| Coupon Payment Dates | 01 Feb and 01 Aug |
| Minimum Denomination | S$1,000 |
| Documents |
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| Factsheets and Guides |
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| Bookrunners/Participating Banks |
Placement Citigroup Global Markets Singapore Pte. Ltd. (CITI) DBS Bank Ltd. (DBS) Oversea-Chinese Banking Corporation Limited (OCBC) Standard Chartered Bank (Singapore) Limited (SCB) United Overseas Bank Limited (UOB)
Public Offer DBS Bank Ltd. (DBS, including POSB) Oversea-Chinese Banking Corporation Limited (OCBC) United Overseas Bank Limited (UOB) |
| Mode of Application | Placement
Applications for bond offered through the Placement must be submitted through the relevant Bookrunners and be in time for the relevant Bookrunners to submit by the closing date of application. Institutional and other investors applying for the bond under the Placement must contact the Bookrunners directly.
Public Offer Application for bond offered through the Public Offer must be made by way of electronic applications, which is available via the application channels of the Participating Banks. As the application process differs from that of SGS issued via auctions, investors should familiarise themselves with the application instructions before making their application. Investors may refer to the ‘Product Factsheet for Public Offer’ for more details. |
Application Timeline for Placement (Institutional)
Opening Date
24 Aug 2023
Closing Date
30 Aug 2023
Issuance Date
04 Sep 2023
Note: MAS expects the initial allocation of the Bonds under the Placement to be made on or shortly after the date of the Pricing Notice. Subsequent to the initial allocation of the Bonds, the MAS may (but is not under any obligation to) allocate Bonds under the Placement Tranche from time to time prior to the close of the offering period of the Placement Tranche. The application timeline is indicative only and is subject to change without prior notice.
Application Timeline for Public Offer (Retail)
Opening Date
25 Aug 2023, 9am
Closing Date
29 Aug 2023, 12pm
Allotment Date
30 Aug 2023, afternoon
Issuance Date
04 Sep 2023
Note: The application timeline is indicative only and is subject to change without prior notice.
Results for Placement Tranche
| Total Amount Offered | S$2,750,000,000 |
| Total Amount Applied | S$3,920,938,000 |
| Total Amount Allotted 1 | S$2,750,000,000 |
| Subscription Rate | 1.43x |
Results for Public Offer
| Total Amount Offered 1 | S$50,000,000 |
| Total Amount Applied | S$3,839,000 |
| Total Amount Allotted | S$3,839,000 |
| Subscription Rate | 0.08x |
1 MAS has exercised the right of Re-allocation. Accordingly, this issuance will be in respect of S$2,800,000,000 in aggregate principal amount of Bonds pursuant to the Placement and the Public Offer, to be allocated as follows:
(a) S$2,796,161,000 in aggregate principal amount of Bonds to the Placement; and
(b) S$3,839,000 in aggregate principal amount of Bonds to the Public Offer.
Notes
Individual investors who wish to subscribe to the reopening of the Aug-72 bond should review the product details carefully, and assess whether the risk/returns and characteristics of long-tenor bonds meet their financial needs. Investments in Singapore Government Securities (SGS), including the reopening of the Aug-72 bond, bear market risk. If investors sell the bond before its maturity date, they may receive less, or more, than their original investment, as the market price of the bond may rise or fall with changing market conditions.
Understanding Syndications
How Syndications Are Conducted
Buy and Sell SGS and MAS-issued Securities
For Individuals: Buy SGS Bonds via Public Offer for Syndicated Issuances
For Institutions: Buy and Sell SGS and MAS-issued Securities