6-Month T-bill BS22101H (20 Jan 2022) Cut-Off Yield 0.48%

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20 Jan 2022

This issue offers investors a cut-off yield of 0.48% p.a., lower than that (0.55% p.a.) of the previous issue, BS22100S (06 Jan 2022).

The total value of applications in this auction was $11.6B, representing a bid-to-cover ratio of 2.58. This is higher than the $8.7B (bid-to-cover ratio 2.03) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.48% get around 8.74% of the amount applied.

Auction Closed

Announcement Date
13 Jan 2022 Notify me
Auction Date
20 Jan 2022 Notify me
Issue Date
25 Jan 2022
Maturity Date
26 Jul 2022
Issue Code
BS22101H
ISIN Code
SGXZ10864734
Cut-Off Yield
0.48% p.a.
Cut-Off Price
99.761
Median Yield
0.42% p.a.
Median Price
99.791
Average Yield
0.38% p.a.
Average Price
99.811
Total Amount Offered
$4,500,000,000
Amount Allotted to Non-Competitive Applications
$32,359,000
Total Amount Applied
$11,625,271,000
% of Competitive Applications at Cut-off Allotted
8.74%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.58

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