6-Month T-bill BS20118X (17 Sep 2020) Cut-Off Yield 0.25%

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17 Sep 2020

This issue offers investors a cut-off yield of 0.25% p.a., lower than that (0.26% p.a.) of the previous issue, BS20117T (03 Sep 2020).

The total value of applications in this auction was $7.0B, representing a bid-to-cover ratio of 1.88. This is lower than the $7.7B (bid-to-cover ratio 1.99) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.25% get around 96.36% of the amount applied.

Auction Closed

Announcement Date
10 Sep 2020 Notify me
Auction Date
17 Sep 2020 Notify me
Issue Date
22 Sep 2020
Maturity Date
23 Mar 2021
Issue Code
BS20118X
ISIN Code
SGXZ62747837
Cut-Off Yield
0.25% p.a.
Cut-Off Price
99.875
Median Yield
0.21% p.a.
Median Price
99.895
Average Yield
0.18% p.a.
Average Price
99.910
Total Amount Offered
$3,700,000,000
Amount Allotted to Non-Competitive Applications
$3,729,000
Total Amount Applied
$6,958,763,000
% of Competitive Applications at Cut-off Allotted
96.36%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.88

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