Key Details
| SGS Type | Green SGS (Infrastructure) |
| Issue Code | NA24300E (New) |
| ISIN Code |
SGXPK17B11U8 |
| Issue Date | 03 Jun 2024 |
| Maturity Date | 01 Jun 2054 |
| Total Amount Offered | S$2,500,000,000 |
| MAS' Intended Application Amount | Nil. |
| Price of New Issue | S$99.053 per S$100 of principal amount of the Bonds |
| Yield of New Issue |
3.30% p.a. |
| Coupon Rate | 3.25% p.a. |
| Coupon Payment Dates | 01 Dec and 01 Jun |
| 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) The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (HSBC) 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
21 May 2024
Closing Date
28 May 2024
Issuance Date
03 Jun 2024
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
23 May 2024, 9am
Closing Date
27 May 2024, 12pm
Allotment Date
28 May 2024, afternoon
Issuance Date
03 Jun 2024
Note: The application timeline is indicative only and is subject to change without prior notice.
Results for Placement Tranche
| Total Amount Offered | S$2,450,000,000 |
| Total Amount Applied | S$5,994,800,000 |
| Total Amount Allotted 1 | S$2,450,000,000 |
| Subscription Rate | 2.45x |
Results for Public Offer
| Total Amount Offered 1 | S$50,000,000 |
| Total Amount Applied | S$12,726,000 |
| Total Amount Allotted | S$12,726,000 |
| Subscription Rate | 0.25x |
1 MAS has exercised the right of Re-allocation. Accordingly, this issuance will be in respect of S$2,500,000,000 in aggregate principal amount of Bonds pursuant to the Placement and the Public Offer, to be allocated as follows:
(a) S$2,487,274,000 in aggregate principal amount of Bonds to the Placement; and
(b) S$12,726,000 in aggregate principal amount of Bonds to the Public Offer.
Notes
Individual investors who wish to subscribe to the issuance of the Jun-54 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 issuance of the Jun-54 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