1-Year T-bill BY17100E (25 Jan 2017) Cut-Off Yield 1.05%

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25 Jan 2017

This issue offers investors a cut-off yield of 1.05% p.a., higher than that (0.94% p.a.) of the previous issue, BY16101Z (27 Oct 2016).

The total value of applications in this auction was $5.0B, representing a bid-to-cover ratio of 2.28. This is lower than the $8.5B (bid-to-cover ratio 1.89) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.05% get around 93.87% of the amount applied.

Auction Closed

Announcement Date
18 Jan 2017 Notify me
Auction Date
25 Jan 2017 Notify me
Issue Date
31 Jan 2017
Maturity Date
31 Jan 2018
Issue Code
BY17100E
ISIN Code
SG76D1000009
Cut-Off Yield
1.05% p.a.
Cut-Off Price
98.950
Median Yield
0.98% p.a.
Median Price
99.020
Average Yield
0.98% p.a.
Average Price
99.020
Total Amount Offered
$2,200,000,000
Amount Allotted to Non-Competitive Applications
$1,539,000
Total Amount Applied
$5,016,553,000
% of Competitive Applications at Cut-off Allotted
93.87%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.28

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