6-Month T-bill BS22121F (27 Oct 2022) Cut-Off Yield 4.19%

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27 Oct 2022

This issue offers investors a cut-off yield of 4.19% p.a., higher than that (3.77% p.a.) of the previous issue, BS22120E (13 Oct 2022).

The total value of applications in this auction was $10.9B, representing a bid-to-cover ratio of 2.38. This is higher than the $10.2B (bid-to-cover ratio 2.27) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 4.19% get around 14.87% of the amount applied.

Auction Closed

Announcement Date
19 Oct 2022 Notify me
Auction Date
27 Oct 2022 Notify me
Issue Date
01 Nov 2022
Maturity Date
02 May 2023
Issue Code
BS22121F
ISIN Code
SGXZ27657782
Cut-Off Yield
4.19% p.a.
Cut-Off Price
97.911
Median Yield
3.90% p.a.
Median Price
98.055
Average Yield
3.44% p.a.
Average Price
98.285
Total Amount Offered
$4,600,000,000
Amount Allotted to Non-Competitive Applications
$1,758,774,000
Total Amount Applied
$10,940,082,000
% of Competitive Applications at Cut-off Allotted
14.87%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.38

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