1-Year T-bill BY17101F (26 Apr 2017) Cut-Off Yield 1.03%

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26 Apr 2017

This issue offers investors a cut-off yield of 1.03% p.a., lower than that (1.05% p.a.) of the previous issue, BY17100E (25 Jan 2017).

The total value of applications in this auction was $6.0B, representing a bid-to-cover ratio of 2.42. This is higher than the $5.0B (bid-to-cover ratio 2.28) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.03% get around 81.49% of the amount applied.

Auction Closed

Announcement Date
19 Apr 2017 Notify me
Auction Date
26 Apr 2017 Notify me
Issue Date
02 May 2017
Maturity Date
30 Apr 2018
Issue Code
BY17101F
ISIN Code
SG76D2000008
Cut-Off Yield
1.03% p.a.
Cut-Off Price
98.976
Median Yield
1.00% p.a.
Median Price
99.005
Average Yield
0.96% p.a.
Average Price
99.045
Total Amount Offered
$2,500,000,000
Amount Allotted to Non-Competitive Applications
$7,096,000
Total Amount Applied
$6,044,646,000
% of Competitive Applications at Cut-off Allotted
81.49%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.42

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