6-Month T-bill BS20124X (10 Dec 2020) Cut-Off Yield 0.45%

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10 Dec 2020

This issue offers investors a cut-off yield of 0.45% p.a., higher than that (0.32% p.a.) of the previous issue, BS20123T (26 Nov 2020).

The total value of applications in this auction was $6.3B, representing a bid-to-cover ratio of 1.66. This is lower than the $8.5B (bid-to-cover ratio 2.03) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.45% get around 35.50% of the amount applied.

Auction Closed

Announcement Date
03 Dec 2020 Notify me
Auction Date
10 Dec 2020 Notify me
Issue Date
15 Dec 2020
Maturity Date
15 Jun 2021
Issue Code
BS20124X
ISIN Code
SGXZ55007173
Cut-Off Yield
0.45% p.a.
Cut-Off Price
99.776
Median Yield
0.34% p.a.
Median Price
99.830
Average Yield
0.33% p.a.
Average Price
99.835
Total Amount Offered
$3,800,000,000
Amount Allotted to Non-Competitive Applications
$28,350,000
Total Amount Applied
$6,322,726,000
% of Competitive Applications at Cut-off Allotted
35.50%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.66

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