6-Month T-bill BS21110N (27 May 2021) Cut-Off Yield 0.30%

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27 May 2021

This issue offers investors a cut-off yield of 0.30% p.a., lower than that (0.33% p.a.) of the previous issue, BS21109Z (12 May 2021).

The total value of applications in this auction was $10.2B, representing a bid-to-cover ratio of 2.27. This is lower than the $10.3B (bid-to-cover ratio 2.56) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.30% get around 63.92% of the amount applied.

Auction Closed

Announcement Date
19 May 2021 Notify me
Auction Date
27 May 2021 Notify me
Issue Date
01 Jun 2021
Maturity Date
30 Nov 2021
Issue Code
BS21110N
ISIN Code
SGXZ15051535
Cut-Off Yield
0.30% p.a.
Cut-Off Price
99.850
Median Yield
0.28% p.a.
Median Price
99.860
Average Yield
0.23% p.a.
Average Price
99.885
Total Amount Offered
$4,500,000,000
Amount Allotted to Non-Competitive Applications
$49,018,000
Total Amount Applied
$10,205,262,000
% of Competitive Applications at Cut-off Allotted
63.92%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.27

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