7-year SGS Bond
N797100E
Originally auctioned 11 Nov 1997 · Matures 15 Nov 2004 · matured left
Latest cutoff yield
4.85%
Auctioned 21 Jul 1998 (reopening)
Issue details
- Fixed coupon:
- 5.13% · paid 15 May / 15 Nov
- Tenor:
- 7 years
- Outstanding:
- S$1.5B
- Auctions held:
- 3 (1 original + 2 reopenings)
Auction history for this issue
| Auction date | Type | Cutoff | Median | B/C | This auction |
|---|---|---|---|---|---|
| 21 Jul 1998 | reopen | 4.85% | — | 1.74 | S$400M |
| 02 Mar 1998 | reopen | 4.23% | — | 2.14 | S$400M |
| 11 Nov 1997 | new issue | 5.55% | — | 1.43 | S$700M |
7-year SGS cutoff yield history
Latest auction in context
- Yield change: The 4.85% cutoff is 62 bp higher than the prior reopening of this issue (4.23% on 02 Mar 1998).
- Price vs par: The bond cleared at S$102.54 per S$100 face value — a premium, because the 5.13% fixed coupon is above the 4.85% 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 11 Nov 1997. 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 (5.13% 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 N797100E mature?
- N797100E matures on 15 Nov 2004. 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 N797100E?
- N797100E pays a fixed coupon of 5.13% 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 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 N797100E?
- N797100E has already been issued (most recent auction 21 Jul 1998). 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
Other 7-year SGS
- ← N796100F — 3.45% cutoff
- N798100A → — 4.34% cutoff
- Latest 7-year: NX16100F — 1.73% cutoff
- All SGS bonds →
Compare & cross-check
- Latest SSB: GX26070F — 1.46% year 1
- Latest 6-mo T-bill: BS26111H — 1.48% cutoff
- Compare SSB · T-bill · SGS →