6-Month T-bill BS22117S (01 Sep 2022) Cut-Off Yield 2.99%

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01 Sep 2022

This issue offers investors a cut-off yield of 2.99% p.a., higher than that (2.98% p.a.) of the previous issue, BS22116Z (18 Aug 2022).

The total value of applications in this auction was $11.1B, representing a bid-to-cover ratio of 2.59. This is lower than the $11.1B (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 2.99% get around 2.74% of the amount applied.

Auction Closed

Announcement Date
25 Aug 2022 Notify me
Auction Date
01 Sep 2022 Notify me
Issue Date
06 Sep 2022
Maturity Date
07 Mar 2023
Issue Code
BS22117S
ISIN Code
SGXZ33479874
Cut-Off Yield
2.99% p.a.
Cut-Off Price
98.509
Median Yield
2.85% p.a.
Median Price
98.579
Average Yield
2.48% p.a.
Average Price
98.763
Total Amount Offered
$4,300,000,000
Amount Allotted to Non-Competitive Applications
$446,972,000
Total Amount Applied
$11,136,957,000
% of Competitive Applications at Cut-off Allotted
2.74%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.59

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