6-Month T-bill BS21113E (08 Jul 2021) Cut-Off Yield 0.32%

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08 Jul 2021

This issue offers investors a cut-off yield of 0.32% p.a., lower than that (0.33% p.a.) of the previous issue, BS21112A (24 Jun 2021).

The total value of applications in this auction was $9.1B, representing a bid-to-cover ratio of 2.27. This is higher than the $7.5B (bid-to-cover ratio 1.92) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.32% get around 78.44% of the amount applied.

Auction Closed

Announcement Date
01 Jul 2021 Notify me
Auction Date
08 Jul 2021 Notify me
Issue Date
13 Jul 2021
Maturity Date
11 Jan 2022
Issue Code
BS21113E
ISIN Code
SGXZ25201864
Cut-Off Yield
0.32% p.a.
Cut-Off Price
99.840
Median Yield
0.26% p.a.
Median Price
99.870
Average Yield
0.22% p.a.
Average Price
99.890
Total Amount Offered
$4,000,000,000
Amount Allotted to Non-Competitive Applications
$30,711,000
Total Amount Applied
$9,095,272,000
% of Competitive Applications at Cut-off Allotted
78.44%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.27

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