6-Month T-bill BS19101X (11 Jul 2019) Cut-Off Yield 1.80%

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11 Jul 2019

This issue offers investors a cut-off yield of 1.80% p.a., lower than that (1.93% p.a.) of the previous issue, BS19100T (27 Jun 2019).

The total value of applications in this auction was $11.8B, representing a bid-to-cover ratio of 3.11. This is higher than the $9.5B (bid-to-cover ratio 2.57) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.80% get around 60.85% of the amount applied.

Auction Closed

Announcement Date
04 Jul 2019 Notify me
Auction Date
11 Jul 2019 Notify me
Issue Date
16 Jul 2019
Maturity Date
14 Jan 2020
Issue Code
BS19101X
ISIN Code
SGXZ13898291
Cut-Off Yield
1.80% p.a.
Cut-Off Price
99.102
Median Yield
1.77% p.a.
Median Price
99.117
Average Yield
1.60% p.a.
Average Price
99.202
Total Amount Offered
$3,800,000,000
Amount Allotted to Non-Competitive Applications
$44,385,000
Total Amount Applied
$11,818,513,000
% of Competitive Applications at Cut-off Allotted
60.85%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
3.11

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