1-Year T-bill BY18101E (25 Apr 2018) Cut-Off Yield 1.76%

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25 Apr 2018

This issue offers investors a cut-off yield of 1.76% p.a., higher than that (1.38% p.a.) of the previous issue, BY18100A (26 Jan 2018).

The total value of applications in this auction was $7.3B, representing a bid-to-cover ratio of 2.82. This is higher than the $5.2B (bid-to-cover ratio 2.09) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.76% get around 18.48% of the amount applied.

Auction Closed

Announcement Date
18 Apr 2018 Notify me
Auction Date
25 Apr 2018 Notify me
Issue Date
30 Apr 2018
Maturity Date
30 Apr 2019
Issue Code
BY18101E
ISIN Code
SG7IC9000003
Cut-Off Yield
1.76% p.a.
Cut-Off Price
98.240
Median Yield
1.69% p.a.
Median Price
98.310
Average Yield
1.62% p.a.
Average Price
98.380
Total Amount Offered
$2,600,000,000
Amount Allotted to Non-Competitive Applications
$23,038,000
Total Amount Applied
$7,326,025,000
% of Competitive Applications at Cut-off Allotted
18.48%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.82

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