6-Month T-bill BS20105A (19 Mar 2020) Cut-Off Yield 1.40%

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19 Mar 2020

This issue offers investors a cut-off yield of 1.40% p.a., higher than that (1.04% p.a.) of the previous issue, BS20104V (05 Mar 2020).

The total value of applications in this auction was $6.5B, representing a bid-to-cover ratio of 1.77. This is lower than the $12.3B (bid-to-cover ratio 3.15) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.40% get around 19.23% of the amount applied.

Auction Closed

Announcement Date
12 Mar 2020 Notify me
Auction Date
19 Mar 2020 Notify me
Issue Date
24 Mar 2020
Maturity Date
22 Sep 2020
Issue Code
BS20105A
ISIN Code
SGXZ47738703
Cut-Off Yield
1.40% p.a.
Cut-Off Price
99.302
Median Yield
0.95% p.a.
Median Price
99.526
Average Yield
0.83% p.a.
Average Price
99.586
Total Amount Offered
$3,700,000,000
Amount Allotted to Non-Competitive Applications
$2,694,000
Total Amount Applied
$6,545,639,000
% of Competitive Applications at Cut-off Allotted
19.23%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.77

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