6-Month T-bill BS19112E (12 Dec 2019) Cut-Off Yield 1.72%

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12 Dec 2019

This issue offers investors a cut-off yield of 1.72% p.a., higher than that (1.65% p.a.) of the previous issue, BS19111A (27 Nov 2019).

The total value of applications in this auction was $10.3B, representing a bid-to-cover ratio of 2.79. This is higher than the $8.4B (bid-to-cover ratio 2.09) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.72% get around 98.34% of the amount applied.

Auction Closed

Announcement Date
05 Dec 2019 Notify me
Auction Date
12 Dec 2019 Notify me
Issue Date
17 Dec 2019
Maturity Date
16 Jun 2020
Issue Code
BS19112E
ISIN Code
SGXZ44705366
Cut-Off Yield
1.72% p.a.
Cut-Off Price
99.142
Median Yield
1.65% p.a.
Median Price
99.177
Average Yield
1.51% p.a.
Average Price
99.247
Total Amount Offered
$3,700,000,000
Amount Allotted to Non-Competitive Applications
$4,802,000
Total Amount Applied
$10,333,369,000
% of Competitive Applications at Cut-off Allotted
98.34%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.79

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