6-Month T-bill BS20120Z (15 Oct 2020) Cut-Off Yield 0.25%

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15 Oct 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, BS20119W (01 Oct 2020).

The total value of applications in this auction was $8.5B, representing a bid-to-cover ratio of 2.43. This is higher than the $5.8B (bid-to-cover ratio 1.88) 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 16.12% of the amount applied.

Auction Closed

Announcement Date
08 Oct 2020 Notify me
Auction Date
15 Oct 2020 Notify me
Issue Date
20 Oct 2020
Maturity Date
20 Apr 2021
Issue Code
BS20120Z
ISIN Code
SGXZ32330193
Cut-Off Yield
0.25% p.a.
Cut-Off Price
99.875
Median Yield
0.19% p.a.
Median Price
99.905
Average Yield
0.16% p.a.
Average Price
99.920
Total Amount Offered
$3,500,000,000
Amount Allotted to Non-Competitive Applications
$27,511,000
Total Amount Applied
$8,507,198,000
% of Competitive Applications at Cut-off Allotted
16.12%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.43

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