6-Month T-bill BS22109F (11 May 2022) Cut-Off Yield 1.69%

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11 May 2022

This issue offers investors a cut-off yield of 1.69% p.a., higher than that (1.56% p.a.) of the previous issue, BS22108E (27 Apr 2022).

The total value of applications in this auction was $10.4B, representing a bid-to-cover ratio of 2.42. This is higher than the $10.4B (bid-to-cover ratio 2.41) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.69% get around 26.95% of the amount applied.

Auction Closed

Announcement Date
04 May 2022 Notify me
Auction Date
11 May 2022 Notify me
Issue Date
17 May 2022
Maturity Date
15 Nov 2022
Issue Code
BS22109F
ISIN Code
SGXZ22646186
Cut-Off Yield
1.69% p.a.
Cut-Off Price
99.157
Median Yield
1.57% p.a.
Median Price
99.217
Average Yield
1.31% p.a.
Average Price
99.347
Total Amount Offered
$4,300,000,000
Amount Allotted to Non-Competitive Applications
$72,419,000
Total Amount Applied
$10,425,353,000
% of Competitive Applications at Cut-off Allotted
26.95%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.42

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