6-Month T-bill BS20102W (06 Feb 2020) Cut-Off Yield 1.61%

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06 Feb 2020

This issue offers investors a cut-off yield of 1.61% p.a., higher than that (1.53% p.a.) of the previous issue, BS20101X (22 Jan 2020).

The total value of applications in this auction was $9.7B, representing a bid-to-cover ratio of 2.86. This is lower than the $10.0B (bid-to-cover ratio 2.64) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.61% get around 19.38% of the amount applied.

Auction Closed

Announcement Date
30 Jan 2020 Notify me
Auction Date
06 Feb 2020 Notify me
Issue Date
11 Feb 2020
Maturity Date
11 Aug 2020
Issue Code
BS20102W
ISIN Code
SGXZ13547757
Cut-Off Yield
1.61% p.a.
Cut-Off Price
99.197
Median Yield
1.56% p.a.
Median Price
99.222
Average Yield
1.33% p.a.
Average Price
99.337
Total Amount Offered
$3,400,000,000
Amount Allotted to Non-Competitive Applications
$40,600,000
Total Amount Applied
$9,711,348,000
% of Competitive Applications at Cut-off Allotted
19.38%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.86

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