2-year SGS Bond
N292100V
Originally auctioned 20 Jan 1992 · Matures 01 Feb 1994 · matured left
Latest cutoff yield
3.07%
Auctioned 10 Feb 1992 (reopening)
Issue details
- Fixed coupon:
- 3.00% · paid 01 Aug / 01 Feb
- Tenor:
- 2 years
- Outstanding:
- S$850M
- Auctions held:
- 2 (1 original + 1 reopening)
Auction history for this issue
| Auction date | Type | Cutoff | Median | B/C | This auction |
|---|---|---|---|---|---|
| 10 Feb 1992 | reopen | 3.07% | — | 2.54 | S$300M |
| 20 Jan 1992 | new issue | 3.14% | — | 1.98 | S$550M |
2-year SGS cutoff yield history
Latest auction in context
- Yield change: The 3.07% cutoff is 7 bp lower than the prior reopening of this issue (3.14% on 20 Jan 1992).
- Price vs par: The bond cleared at S$100.05 per S$100 face value — essentially at par, with the 3.00% coupon close to the 3.07% market yield.
- Issue history: This issue has been reopened 1 time since the original auction on 20 Jan 1992. 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 (3.00% 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.
Frequently asked questions
- When does N292100V mature?
- N292100V matures on 01 Feb 1994. At maturity, holders receive the full face value of S$1,000 per bond, plus the final semi-annual coupon.
- What is the coupon rate for N292100V?
- N292100V pays a fixed coupon of 3.00% per year, paid semi-annually. The coupon rate is set at the original auction and does not change for reopenings — reopening auctions adjust the issue price instead to reflect prevailing yields.
- How does N292100V's coupon compare to the current 2-year SGS benchmark yield?
- N292100V's fixed coupon of 3.00% is 142 bp above the current 2-year SGS benchmark of 1.58% (as of 12 Jun 2026). When the benchmark yield rises above an existing bond's coupon, that bond trades below par on the secondary market; when it falls below the coupon, the bond trades above par.
- How is SGS interest taxed for individuals?
- SGS bonds are Qualifying Debt Securities (QDS) under IRAS. Interest income from SGS held by individuals is tax-exempt in Singapore. See iras.gov.sg for the full QDS scheme conditions.
- Where can I buy N292100V?
- N292100V has already been issued (most recent auction 10 Feb 1992). It can be bought or sold on the SGX secondary market through a stockbroker with CDP access. New SGS bonds are issued via MAS primary auctions — see /sgs/ for the current calendar.
Explore more
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Compare & cross-check
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