1-Year T-bill BY16100F (27 Apr 2016) Cut-Off Yield 1.00%

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27 Apr 2016

This issue offers investors a cut-off yield of 1.00% p.a., lower than that (1.28% p.a.) of the previous issue, BY15101S (28 Oct 2015).

The total value of applications in this auction was $8.0B, representing a bid-to-cover ratio of 1.79. This is lower than the $8.1B (bid-to-cover ratio 1.88) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.00% get around 22.45% of the amount applied.

Auction Closed

Announcement Date
20 Apr 2016 Notify me
Auction Date
27 Apr 2016 Notify me
Issue Date
03 May 2016
Maturity Date
01 May 2017
Issue Code
BY16100F
ISIN Code
SG6ZF8000003
Cut-Off Yield
1.00% p.a.
Cut-Off Price
99.005
Median Yield
0.84% p.a.
Median Price
99.165
Average Yield
0.84% p.a.
Average Price
99.165
Total Amount Offered
$4,500,000,000
Amount Allotted to Non-Competitive Applications
$3,659,000
Total Amount Applied
$8,042,820,000
% of Competitive Applications at Cut-off Allotted
22.45%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.79

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