6-Month T-bill BS21106A (31 Mar 2021) Cut-Off Yield 0.41%

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31 Mar 2021

This issue offers investors a cut-off yield of 0.41% p.a., lower than that (0.44% p.a.) of the previous issue, BS21105V (18 Mar 2021).

The total value of applications in this auction was $7.7B, representing a bid-to-cover ratio of 2.15. This is higher than the $7.6B (bid-to-cover ratio 1.89) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.41% get around 90.67% of the amount applied.

Auction Closed

Announcement Date
24 Mar 2021 Notify me
Auction Date
31 Mar 2021 Notify me
Issue Date
06 Apr 2021
Maturity Date
05 Oct 2021
Issue Code
BS21106A
ISIN Code
SGXZ24435679
Cut-Off Yield
0.41% p.a.
Cut-Off Price
99.796
Median Yield
0.37% p.a.
Median Price
99.816
Average Yield
0.33% p.a.
Average Price
99.835
Total Amount Offered
$3,600,000,000
Amount Allotted to Non-Competitive Applications
$30,251,000
Total Amount Applied
$7,724,886,000
% of Competitive Applications at Cut-off Allotted
90.67%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.15

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