6-Month T-bill BS19111A (27 Nov 2019) Cut-Off Yield 1.65%

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27 Nov 2019

This issue offers investors a cut-off yield of 1.65% p.a., higher than that (1.58% p.a.) of the previous issue, BS19110V (14 Nov 2019).

The total value of applications in this auction was $8.4B, representing a bid-to-cover ratio of 2.09. This is higher than the $8.0B (bid-to-cover ratio 2.28) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.65% get around 2.11% of the amount applied.

Auction Closed

Announcement Date
20 Nov 2019 Notify me
Auction Date
27 Nov 2019 Notify me
Issue Date
03 Dec 2019
Maturity Date
02 Jun 2020
Issue Code
BS19111A
ISIN Code
SGXZ45385242
Cut-Off Yield
1.65% p.a.
Cut-Off Price
99.177
Median Yield
1.58% p.a.
Median Price
99.212
Average Yield
1.45% p.a.
Average Price
99.277
Total Amount Offered
$4,000,000,000
Amount Allotted to Non-Competitive Applications
$3,932,000
Total Amount Applied
$8,359,493,000
% of Competitive Applications at Cut-off Allotted
2.11%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.09

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