6-Month T-bill BS20116H (20 Aug 2020) Cut-Off Yield 0.27%

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20 Aug 2020

This issue offers investors a cut-off yield of 0.27% p.a., higher than that (0.24% p.a.) of the previous issue, BS20115S (05 Aug 2020).

The total value of applications in this auction was $8.5B, representing a bid-to-cover ratio of 2.29. This is lower than the $9.6B (bid-to-cover ratio 2.74) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.27% get around 5.98% of the amount applied.

Auction Closed

Announcement Date
13 Aug 2020 Notify me
Auction Date
20 Aug 2020 Notify me
Issue Date
25 Aug 2020
Maturity Date
23 Feb 2021
Issue Code
BS20116H
ISIN Code
SGXZ90740754
Cut-Off Yield
0.27% p.a.
Cut-Off Price
99.865
Median Yield
0.19% p.a.
Median Price
99.905
Average Yield
0.16% p.a.
Average Price
99.920
Total Amount Offered
$3,700,000,000
Amount Allotted to Non-Competitive Applications
$32,085,000
Total Amount Applied
$8,491,057,000
% of Competitive Applications at Cut-off Allotted
5.98%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.29

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