6-Month T-bill BS20107F (16 Apr 2020) Cut-Off Yield 0.55%

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16 Apr 2020

This issue offers investors a cut-off yield of 0.55% p.a., lower than that (0.70% p.a.) of the previous issue, BS20106E (02 Apr 2020).

The total value of applications in this auction was $10.5B, representing a bid-to-cover ratio of 2.99. This is higher than the $8.1B (bid-to-cover ratio 2.70) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.55% get around 87.50% of the amount applied.

Auction Closed

Announcement Date
08 Apr 2020 Notify me
Auction Date
16 Apr 2020 Notify me
Issue Date
21 Apr 2020
Maturity Date
20 Oct 2020
Issue Code
BS20107F
ISIN Code
SGXZ82421181
Cut-Off Yield
0.55% p.a.
Cut-Off Price
99.726
Median Yield
0.47% p.a.
Median Price
99.766
Average Yield
0.38% p.a.
Average Price
99.811
Total Amount Offered
$3,500,000,000
Amount Allotted to Non-Competitive Applications
$2,221,000
Total Amount Applied
$10,479,782,000
% of Competitive Applications at Cut-off Allotted
87.50%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.99

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