1-Year T-bill BY18100A (26 Jan 2018) Cut-Off Yield 1.38%

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26 Jan 2018

This issue offers investors a cut-off yield of 1.38% p.a., higher than that (1.37% p.a.) of the previous issue, BY17103S (27 Oct 2017).

The total value of applications in this auction was $5.2B, representing a bid-to-cover ratio of 2.09. This is higher than the $5.1B (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 1.38% get around 11.88% of the amount applied.

Auction Closed

Announcement Date
19 Jan 2018 Notify me
Auction Date
26 Jan 2018 Notify me
Issue Date
31 Jan 2018
Maturity Date
31 Jan 2019
Issue Code
BY18100A
ISIN Code
SG7ID0000000
Cut-Off Yield
1.38% p.a.
Cut-Off Price
98.620
Median Yield
1.28% p.a.
Median Price
98.720
Average Yield
1.22% p.a.
Average Price
98.780
Total Amount Offered
$2,500,000,000
Amount Allotted to Non-Competitive Applications
$33,887,000
Total Amount Applied
$5,236,970,000
% of Competitive Applications at Cut-off Allotted
11.88%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.09

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