6-Month T-bill BS21122S (11 Nov 2021) Cut-Off Yield 0.49%

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11 Nov 2021

This issue offers investors a cut-off yield of 0.49% p.a., higher than that (0.46% p.a.) of the previous issue, BS21121Z (28 Oct 2021).

The total value of applications in this auction was $8.7B, representing a bid-to-cover ratio of 2.23. This is lower than the $9.0B (bid-to-cover ratio 2.30) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.49% get around 87.34% of the amount applied.

Auction Closed

Announcement Date
03 Nov 2021 Notify me
Auction Date
11 Nov 2021 Notify me
Issue Date
16 Nov 2021
Maturity Date
17 May 2022
Issue Code
BS21122S
ISIN Code
SGXZ58289547
Cut-Off Yield
0.49% p.a.
Cut-Off Price
99.756
Median Yield
0.43% p.a.
Median Price
99.786
Average Yield
0.30% p.a.
Average Price
99.850
Total Amount Offered
$3,900,000,000
Amount Allotted to Non-Competitive Applications
$30,408,000
Total Amount Applied
$8,685,413,000
% of Competitive Applications at Cut-off Allotted
87.34%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.23

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