6-Month T-bill BS22108E (27 Apr 2022) Cut-Off Yield 1.56%

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27 Apr 2022

This issue offers investors a cut-off yield of 1.56% p.a., higher than that (1.32% p.a.) of the previous issue, BS22107A (13 Apr 2022).

The total value of applications in this auction was $10.4B, representing a bid-to-cover ratio of 2.41. This is higher than the $8.2B (bid-to-cover ratio 1.92) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.56% get around 68.98% of the amount applied.

Auction Closed

Announcement Date
20 Apr 2022 Notify me
Auction Date
27 Apr 2022 Notify me
Issue Date
04 May 2022
Maturity Date
01 Nov 2022
Issue Code
BS22108E
ISIN Code
SGXZ93357168
Cut-Off Yield
1.56% p.a.
Cut-Off Price
99.226
Median Yield
1.47% p.a.
Median Price
99.271
Average Yield
1.28% p.a.
Average Price
99.365
Total Amount Offered
$4,300,000,000
Amount Allotted to Non-Competitive Applications
$46,723,000
Total Amount Applied
$10,353,770,000
% of Competitive Applications at Cut-off Allotted
68.98%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.41

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