1-Year T-bill BY17102Z (26 Jul 2017) Cut-Off Yield 1.24%

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26 Jul 2017

This issue offers investors a cut-off yield of 1.24% p.a., higher than that (1.03% p.a.) of the previous issue, BY17101F (26 Apr 2017).

The total value of applications in this auction was $4.6B, representing a bid-to-cover ratio of 2.02. This is lower than the $6.0B (bid-to-cover ratio 2.42) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.24% get around 44.27% of the amount applied.

Auction Closed

Announcement Date
19 Jul 2017 Notify me
Auction Date
26 Jul 2017 Notify me
Issue Date
31 Jul 2017
Maturity Date
31 Jul 2018
Issue Code
BY17102Z
ISIN Code
SG76D3000007
Cut-Off Yield
1.24% p.a.
Cut-Off Price
98.760
Median Yield
1.17% p.a.
Median Price
98.830
Average Yield
1.13% p.a.
Average Price
98.870
Total Amount Offered
$2,300,000,000
Amount Allotted to Non-Competitive Applications
$3,431,000
Total Amount Applied
$4,638,605,000
% of Competitive Applications at Cut-off Allotted
44.27%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.02

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