6-Month T-bill BS20108Z (29 Apr 2020) Cut-Off Yield 0.40%

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29 Apr 2020

This issue offers investors a cut-off yield of 0.40% p.a., lower than that (0.55% p.a.) of the previous issue, BS20107F (16 Apr 2020).

The total value of applications in this auction was $9.3B, representing a bid-to-cover ratio of 2.44. This is lower than the $10.5B (bid-to-cover ratio 2.99) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.40% get around 12.21% of the amount applied.

Auction Closed

Announcement Date
22 Apr 2020 Notify me
Auction Date
29 Apr 2020 Notify me
Issue Date
05 May 2020
Maturity Date
03 Nov 2020
Issue Code
BS20108Z
ISIN Code
SGXZ19435908
Cut-Off Yield
0.40% p.a.
Cut-Off Price
99.801
Median Yield
0.37% p.a.
Median Price
99.816
Average Yield
0.32% p.a.
Average Price
99.840
Total Amount Offered
$3,800,000,000
Amount Allotted to Non-Competitive Applications
$26,566,000
Total Amount Applied
$9,277,948,000
% of Competitive Applications at Cut-off Allotted
12.21%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.44

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