6-Month T-bill BS20104V (05 Mar 2020) Cut-Off Yield 1.04%

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05 Mar 2020

This issue offers investors a cut-off yield of 1.04% p.a., lower than that (1.58% p.a.) of the previous issue, BS20103N (20 Feb 2020).

The total value of applications in this auction was $12.3B, representing a bid-to-cover ratio of 3.15. 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 1.04% get around 26.06% of the amount applied.

Auction Closed

Announcement Date
27 Feb 2020 Notify me
Auction Date
05 Mar 2020 Notify me
Issue Date
10 Mar 2020
Maturity Date
08 Sep 2020
Issue Code
BS20104V
ISIN Code
SGXZ63272140
Cut-Off Yield
1.04% p.a.
Cut-Off Price
99.481
Median Yield
0.97% p.a.
Median Price
99.516
Average Yield
0.78% p.a.
Average Price
99.611
Total Amount Offered
$3,900,000,000
Amount Allotted to Non-Competitive Applications
$47,713,000
Total Amount Applied
$12,280,666,000
% of Competitive Applications at Cut-off Allotted
26.06%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
3.15

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