30-year SGS Bond Green SGS (Infra)
NA24300E
Originally auctioned 21 May 2024 · Matures 01 Jun 2054 · 28y left
Latest cutoff yield
2.57%
Auctioned 27 Mar 2026 (reopening) · median 2.46%
Issue details
- Fixed coupon:
- 3.25% · paid 01 Dec / 01 Jun
- Tenor:
- 30 years
- Outstanding:
- S$5.8B
- Auctions held:
- 3 (1 original + 2 reopenings)
Auction history for this issue
| Auction date | Type | Cutoff | Median | B/C | This auction |
|---|---|---|---|---|---|
| 27 Mar 2026 | reopen | 2.57% | 2.46% | 1.85 | S$1.5B |
| 28 Apr 2025 | reopen | 2.62% | 2.50% | 1.84 | S$1.8B |
| 21 May 2024 | new issue | 3.30% | — | 2.40 | S$2.5B |
30-year SGS cutoff yield history
Latest auction in context
- Yield change: The 2.57% cutoff is 5 bp lower than the prior reopening of this issue (2.62% on 28 Apr 2025).
- Price vs par: The bond cleared at S$114.65 per S$100 face value — a premium, because the 3.25% fixed coupon is above the 2.57% 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 21 May 2024. 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 (3.25% 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 NA24300E mature?
- NA24300E matures on 01 Jun 2054. 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 NA24300E?
- NA24300E pays a fixed coupon of 3.25% 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 NA24300E's coupon compare to the current 30-year SGS benchmark yield?
- NA24300E's fixed coupon of 3.25% is 122 bp above the current 30-year SGS benchmark of 2.03% (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 NA24300E?
- NA24300E has already been issued (most recent auction 27 Mar 2026). 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 30-year SGS
- ← NA21200W — 3.11% 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 →