6-Month T-bill BS22122Z (10 Nov 2022) Cut-Off Yield 4.00%

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10 Nov 2022

This issue offers investors a cut-off yield of 4.00% p.a., lower than that (4.19% p.a.) of the previous issue, BS22121F (27 Oct 2022).

The total value of applications in this auction was $14.2B, representing a bid-to-cover ratio of 3.17. This is higher than the $10.9B (bid-to-cover ratio 2.38) received in the previous issue.

Those who submitted non-competitive bids were allotted approximately 49.68% of the amount applied. On the other hand, those who submitted competitive bid at 4.00% get around 64.04% of the amount applied.

Auction Closed

Announcement Date
03 Nov 2022 Notify me
Auction Date
10 Nov 2022 Notify me
Issue Date
15 Nov 2022
Maturity Date
16 May 2023
Issue Code
BS22122Z
ISIN Code
SGXZ52032836
Cut-Off Yield
4.00% p.a.
Cut-Off Price
98.005
Median Yield
3.50% p.a.
Median Price
98.255
Average Yield
2.87% p.a.
Average Price
98.569
Total Amount Offered
$4,500,000,000
Amount Allotted to Non-Competitive Applications
$1,800,000,000
Total Amount Applied
$14,243,498,000
% of Competitive Applications at Cut-off Allotted
64.04%
% of Non-Competitive Applications Allotted
49.68%
Bid-to-Cover Ratio
3.17

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