1-Year T-bill BY19100V (28 Jan 2019) Cut-Off Yield 2.06%

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28 Jan 2019

This issue offers investors a cut-off yield of 2.06% p.a., higher than that (1.97% p.a.) of the previous issue, BY18103Z (26 Oct 2018).

The total value of applications in this auction was $5.5B, representing a bid-to-cover ratio of 2.02. This is higher than the $5.3B (bid-to-cover ratio 2.04) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.06% get around 13.81% of the amount applied.

Auction Closed

Announcement Date
21 Jan 2019 Notify me
Auction Date
28 Jan 2019 Notify me
Issue Date
31 Jan 2019
Maturity Date
31 Jan 2020
Issue Code
BY19100V
ISIN Code
SGXZ18173260
Cut-Off Yield
2.06% p.a.
Cut-Off Price
97.940
Median Yield
1.99% p.a.
Median Price
98.010
Average Yield
1.97% p.a.
Average Price
98.030
Total Amount Offered
$2,700,000,000
Amount Allotted to Non-Competitive Applications
$17,862,000
Total Amount Applied
$5,465,172,000
% of Competitive Applications at Cut-off Allotted
13.81%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.02

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