6-Month T-bill BS20117T (03 Sep 2020) Cut-Off Yield 0.26%

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03 Sep 2020

This issue offers investors a cut-off yield of 0.26% p.a., lower than that (0.27% p.a.) of the previous issue, BS20116H (20 Aug 2020).

The total value of applications in this auction was $7.7B, representing a bid-to-cover ratio of 1.99. This is lower than the $8.5B (bid-to-cover ratio 2.29) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.26% get around 48.85% of the amount applied.

Auction Closed

Announcement Date
27 Aug 2020 Notify me
Auction Date
03 Sep 2020 Notify me
Issue Date
08 Sep 2020
Maturity Date
09 Mar 2021
Issue Code
BS20117T
ISIN Code
SGXZ39410170
Cut-Off Yield
0.26% p.a.
Cut-Off Price
99.870
Median Yield
0.20% p.a.
Median Price
99.900
Average Yield
0.17% p.a.
Average Price
99.915
Total Amount Offered
$3,900,000,000
Amount Allotted to Non-Competitive Applications
$34,448,000
Total Amount Applied
$7,743,270,000
% of Competitive Applications at Cut-off Allotted
48.85%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.99

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