1-Year T-bill BY18102F (26 Jul 2018) Cut-Off Yield 1.74%

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26 Jul 2018

This issue offers investors a cut-off yield of 1.74% p.a., lower than that (1.76% p.a.) of the previous issue, BY18101E (25 Apr 2018).

The total value of applications in this auction was $6.0B, representing a bid-to-cover ratio of 2.42. This is lower than the $7.3B (bid-to-cover ratio 2.82) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.74% get around 41.51% of the amount applied.

Auction Closed

Announcement Date
19 Jul 2018 Notify me
Auction Date
26 Jul 2018 Notify me
Issue Date
31 Jul 2018
Maturity Date
31 Jul 2019
Issue Code
BY18102F
ISIN Code
SG7IC8000004
Cut-Off Yield
1.74% p.a.
Cut-Off Price
98.260
Median Yield
1.70% p.a.
Median Price
98.300
Average Yield
1.59% p.a.
Average Price
98.410
Total Amount Offered
$2,500,000,000
Amount Allotted to Non-Competitive Applications
$25,787,000
Total Amount Applied
$6,041,488,000
% of Competitive Applications at Cut-off Allotted
41.51%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.42

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