6-Month T-bill BS22120E (13 Oct 2022) Cut-Off Yield 3.77%

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13 Oct 2022

This issue offers investors a cut-off yield of 3.77% p.a., higher than that (3.32% p.a.) of the previous issue, BS22119T (29 Sep 2022).

The total value of applications in this auction was $10.2B, representing a bid-to-cover ratio of 2.27. This is higher than the $9.7B (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 3.77% get around 18.06% of the amount applied.

Auction Closed

Announcement Date
06 Oct 2022 Notify me
Auction Date
13 Oct 2022 Notify me
Issue Date
18 Oct 2022
Maturity Date
18 Apr 2023
Issue Code
BS22120E
ISIN Code
SGXZ82759408
Cut-Off Yield
3.77% p.a.
Cut-Off Price
98.120
Median Yield
3.35% p.a.
Median Price
98.330
Average Yield
3.07% p.a.
Average Price
98.469
Total Amount Offered
$4,500,000,000
Amount Allotted to Non-Competitive Applications
$1,077,181,000
Total Amount Applied
$10,218,759,000
% of Competitive Applications at Cut-off Allotted
18.06%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.27

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