6-Month T-bill BS22107A (13 Apr 2022) Cut-Off Yield 1.32%

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13 Apr 2022

This issue offers investors a cut-off yield of 1.32% p.a., higher than that (1.22% p.a.) of the previous issue, BS22106V (31 Mar 2022).

The total value of applications in this auction was $8.2B, representing a bid-to-cover ratio of 1.92. This is higher than the $8.0B (bid-to-cover ratio 2.21) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.32% get around 66.31% of the amount applied.

Auction Closed

Announcement Date
06 Apr 2022 Notify me
Auction Date
13 Apr 2022 Notify me
Issue Date
19 Apr 2022
Maturity Date
18 Oct 2022
Issue Code
BS22107A
ISIN Code
SGXZ14369185
Cut-Off Yield
1.32% p.a.
Cut-Off Price
99.342
Median Yield
1.19% p.a.
Median Price
99.407
Average Yield
0.84% p.a.
Average Price
99.581
Total Amount Offered
$4,300,000,000
Amount Allotted to Non-Competitive Applications
$58,114,000
Total Amount Applied
$8,244,436,000
% of Competitive Applications at Cut-off Allotted
66.31%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.92

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