The decision by the Monetary Authority of Singapore (MAS) to issue a 20-year Singapore government securities (SGS) bond on March 1 - the longest-dated SGS bond issue in the lion city - has bolstered the depth of the debt markets.
The auction results were unveiled on February 26, with S$2.5 billion ($1.68 billion) allotted. The bid-to-cover ratio was 2.27 to 1. The cut-off yield was set at 3.5% and the average yield was 3.39% with a coupon rate is 3.5%. "This is a huge issue considering that i