6-Month T-bill BS22111N (09 Jun 2022) Cut-Off Yield 2.04%

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09 Jun 2022

This issue offers investors a cut-off yield of 2.04% p.a., higher than that (1.80% p.a.) of the previous issue, BS22110W (26 May 2022).

The total value of applications in this auction was $8.6B, representing a bid-to-cover ratio of 2.11. This is lower than the $12.3B (bid-to-cover ratio 2.74) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.04% get around 63.94% of the amount applied.

Auction Closed

Announcement Date
02 Jun 2022 Notify me
Auction Date
09 Jun 2022 Notify me
Issue Date
14 Jun 2022
Maturity Date
13 Dec 2022
Issue Code
BS22111N
ISIN Code
SGXZ62717111
Cut-Off Yield
2.04% p.a.
Cut-Off Price
98.983
Median Yield
1.90% p.a.
Median Price
99.053
Average Yield
1.76% p.a.
Average Price
99.122
Total Amount Offered
$4,100,000,000
Amount Allotted to Non-Competitive Applications
$68,210,000
Total Amount Applied
$8,632,968,000
% of Competitive Applications at Cut-off Allotted
63.94%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.11

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