6-Month T-bill BS21123H (25 Nov 2021) Cut-Off Yield 0.55%

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25 Nov 2021

This issue offers investors a cut-off yield of 0.55% p.a., higher than that (0.49% p.a.) of the previous issue, BS21122S (11 Nov 2021).

The total value of applications in this auction was $8.9B, representing a bid-to-cover ratio of 2.07. This is higher than the $8.7B (bid-to-cover ratio 2.23) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.55% get around 30.24% of the amount applied.

Auction Closed

Announcement Date
18 Nov 2021 Notify me
Auction Date
25 Nov 2021 Notify me
Issue Date
30 Nov 2021
Maturity Date
31 May 2022
Issue Code
BS21123H
ISIN Code
SGXZ33678194
Cut-Off Yield
0.55% p.a.
Cut-Off Price
99.726
Median Yield
0.49% p.a.
Median Price
99.756
Average Yield
0.43% p.a.
Average Price
99.786
Total Amount Offered
$4,300,000,000
Amount Allotted to Non-Competitive Applications
$4,382,000
Total Amount Applied
$8,903,697,000
% of Competitive Applications at Cut-off Allotted
30.24%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.07

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