6-Month T-bill BS20112E (25 Jun 2020) Cut-Off Yield 0.30%

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25 Jun 2020

This issue offers investors a cut-off yield of 0.30% p.a., higher than that (0.24% p.a.) of the previous issue, BS20111A (11 Jun 2020).

The total value of applications in this auction was $9.1B, representing a bid-to-cover ratio of 2.40. This is higher than the $8.6B (bid-to-cover ratio 2.26) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.30% get around 66.87% of the amount applied.

Auction Closed

Announcement Date
18 Jun 2020 Notify me
Auction Date
25 Jun 2020 Notify me
Issue Date
30 Jun 2020
Maturity Date
29 Dec 2020
Issue Code
BS20112E
ISIN Code
SGXZ91660647
Cut-Off Yield
0.30% p.a.
Cut-Off Price
99.850
Median Yield
0.26% p.a.
Median Price
99.870
Average Yield
0.24% p.a.
Average Price
99.880
Total Amount Offered
$3,800,000,000
Amount Allotted to Non-Competitive Applications
$37,826,000
Total Amount Applied
$9,129,846,000
% of Competitive Applications at Cut-off Allotted
66.87%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.40

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