6-Month T-bill BS22110W (26 May 2022) Cut-Off Yield 1.80%

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26 May 2022

This issue offers investors a cut-off yield of 1.80% p.a., higher than that (1.69% p.a.) of the previous issue, BS22109F (11 May 2022).

The total value of applications in this auction was $12.3B, representing a bid-to-cover ratio of 2.74. This is higher than the $10.4B (bid-to-cover ratio 2.42) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.80% get around 64.63% of the amount applied.

Auction Closed

Announcement Date
19 May 2022 Notify me
Auction Date
26 May 2022 Notify me
Issue Date
31 May 2022
Maturity Date
29 Nov 2022
Issue Code
BS22110W
ISIN Code
SGXZ19937341
Cut-Off Yield
1.80% p.a.
Cut-Off Price
99.102
Median Yield
1.67% p.a.
Median Price
99.167
Average Yield
1.35% p.a.
Average Price
99.327
Total Amount Offered
$4,500,000,000
Amount Allotted to Non-Competitive Applications
$74,130,000
Total Amount Applied
$12,324,877,000
% of Competitive Applications at Cut-off Allotted
64.63%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.74

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