6-Month T-bill BS21104N (04 Mar 2021) Cut-Off Yield 0.35%

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04 Mar 2021

This issue offers investors a cut-off yield of 0.35% p.a., higher than that (0.31% p.a.) of the previous issue, BS21103W (18 Feb 2021).

The total value of applications in this auction was $9.5B, representing a bid-to-cover ratio of 2.38. This is lower than the $13.4B (bid-to-cover ratio 3.35) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.35% get around 44.27% of the amount applied.

Auction Closed

Announcement Date
25 Feb 2021 Notify me
Auction Date
04 Mar 2021 Notify me
Issue Date
09 Mar 2021
Maturity Date
07 Sep 2021
Issue Code
BS21104N
ISIN Code
SGXZ81946675
Cut-Off Yield
0.35% p.a.
Cut-Off Price
99.825
Median Yield
0.28% p.a.
Median Price
99.860
Average Yield
0.22% p.a.
Average Price
99.890
Total Amount Offered
$4,000,000,000
Amount Allotted to Non-Competitive Applications
$30,694,000
Total Amount Applied
$9,508,134,000
% of Competitive Applications at Cut-off Allotted
44.27%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.38

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