6-Month T-bill BS21109Z (12 May 2021) Cut-Off Yield 0.33%

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12 May 2021

This issue offers investors a cut-off yield of 0.33% p.a., lower than that (0.37% p.a.) of the previous issue, BS21108F (29 Apr 2021).

The total value of applications in this auction was $10.3B, representing a bid-to-cover ratio of 2.56. This is higher than the $8.8B (bid-to-cover ratio 2.10) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.33% get around 48.75% of the amount applied.

Auction Closed

Announcement Date
05 May 2021 Notify me
Auction Date
12 May 2021 Notify me
Issue Date
18 May 2021
Maturity Date
16 Nov 2021
Issue Code
BS21109Z
ISIN Code
SGXZ19268879
Cut-Off Yield
0.33% p.a.
Cut-Off Price
99.835
Median Yield
0.31% p.a.
Median Price
99.845
Average Yield
0.23% p.a.
Average Price
99.885
Total Amount Offered
$4,000,000,000
Amount Allotted to Non-Competitive Applications
$29,985,000
Total Amount Applied
$10,258,391,000
% of Competitive Applications at Cut-off Allotted
48.75%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.56

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