1-Year T-bill BY17103S (27 Oct 2017) Cut-Off Yield 1.37%

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27 Oct 2017

This issue offers investors a cut-off yield of 1.37% p.a., higher than that (1.24% p.a.) of the previous issue, BY17102Z (26 Jul 2017).

The total value of applications in this auction was $5.1B, representing a bid-to-cover ratio of 2.02. This is higher than the $4.6B (bid-to-cover ratio 2.02) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.37% get around 13.56% of the amount applied.

Auction Closed

Announcement Date
20 Oct 2017 Notify me
Auction Date
27 Oct 2017 Notify me
Issue Date
01 Nov 2017
Maturity Date
31 Oct 2018
Issue Code
BY17103S
ISIN Code
SG76D4000006
Cut-Off Yield
1.37% p.a.
Cut-Off Price
98.634
Median Yield
1.32% p.a.
Median Price
98.684
Average Yield
1.22% p.a.
Average Price
98.783
Total Amount Offered
$2,500,000,000
Amount Allotted to Non-Competitive Applications
$17,662,000
Total Amount Applied
$5,050,797,000
% of Competitive Applications at Cut-off Allotted
13.56%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.02

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