6-Month T-bill BS22100S (06 Jan 2022) Cut-Off Yield 0.55%

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06 Jan 2022

This issue offers investors a cut-off yield of 0.55% p.a., higher than that (0.53% p.a.) of the previous issue, BS21125X (23 Dec 2021).

The total value of applications in this auction was $8.7B, representing a bid-to-cover ratio of 2.03. This is lower than the $10.7B (bid-to-cover ratio 2.74) 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 20.46% of the amount applied.

Auction Closed

Announcement Date
30 Dec 2021 Notify me
Auction Date
06 Jan 2022 Notify me
Issue Date
11 Jan 2022
Maturity Date
12 Jul 2022
Issue Code
BS22100S
ISIN Code
SGXZ94462934
Cut-Off Yield
0.55% p.a.
Cut-Off Price
99.726
Median Yield
0.50% p.a.
Median Price
99.751
Average Yield
0.44% p.a.
Average Price
99.781
Total Amount Offered
$4,300,000,000
Amount Allotted to Non-Competitive Applications
$3,995,000
Total Amount Applied
$8,712,528,000
% of Competitive Applications at Cut-off Allotted
20.46%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.03

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