1-Year T-bill BY16101Z (27 Oct 2016) Cut-Off Yield 0.94%

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27 Oct 2016

This issue offers investors a cut-off yield of 0.94% p.a., lower than that (1.00% p.a.) of the previous issue, BY16100F (27 Apr 2016).

The total value of applications in this auction was $8.5B, representing a bid-to-cover ratio of 1.89. This is higher than the $8.0B (bid-to-cover ratio 1.79) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.94% get around 77.45% of the amount applied.

Auction Closed

Announcement Date
20 Oct 2016 Notify me
Auction Date
27 Oct 2016 Notify me
Issue Date
01 Nov 2016
Maturity Date
01 Nov 2017
Issue Code
BY16101Z
ISIN Code
SG6ZF9000002
Cut-Off Yield
0.94% p.a.
Cut-Off Price
99.060
Median Yield
0.83% p.a.
Median Price
99.170
Average Yield
0.80% p.a.
Average Price
99.200
Total Amount Offered
$4,500,000,000
Amount Allotted to Non-Competitive Applications
$1,824,000
Total Amount Applied
$8,507,048,000
% of Competitive Applications at Cut-off Allotted
77.45%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.89

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