6-Month T-bill BS19110V (14 Nov 2019) Cut-Off Yield 1.58%

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14 Nov 2019

This issue offers investors a cut-off yield of 1.58% p.a., lower than that (1.68% p.a.) of the previous issue, BS19109S (31 Oct 2019).

The total value of applications in this auction was $8.0B, representing a bid-to-cover ratio of 2.28. This is lower than the $8.3B (bid-to-cover ratio 2.24) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.58% get around 87.20% of the amount applied.

Auction Closed

Announcement Date
07 Nov 2019 Notify me
Auction Date
14 Nov 2019 Notify me
Issue Date
19 Nov 2019
Maturity Date
19 May 2020
Issue Code
BS19110V
ISIN Code
SGXZ32652505
Cut-Off Yield
1.58% p.a.
Cut-Off Price
99.212
Median Yield
1.50% p.a.
Median Price
99.252
Average Yield
1.38% p.a.
Average Price
99.312
Total Amount Offered
$3,500,000,000
Amount Allotted to Non-Competitive Applications
$17,197,000
Total Amount Applied
$7,989,343,000
% of Competitive Applications at Cut-off Allotted
87.20%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.28

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