1-Year T-bill BY18103Z (26 Oct 2018) Cut-Off Yield 1.97%

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26 Oct 2018

This issue offers investors a cut-off yield of 1.97% p.a., higher than that (1.74% p.a.) of the previous issue, BY18102F (26 Jul 2018).

The total value of applications in this auction was $5.3B, representing a bid-to-cover ratio of 2.04. 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 1.97% get around 96.31% of the amount applied.

Auction Closed

Announcement Date
19 Oct 2018 Notify me
Auction Date
26 Oct 2018 Notify me
Issue Date
31 Oct 2018
Maturity Date
31 Oct 2019
Issue Code
BY18103Z
ISIN Code
SG7IC7000005
Cut-Off Yield
1.97% p.a.
Cut-Off Price
98.030
Median Yield
1.94% p.a.
Median Price
98.060
Average Yield
1.85% p.a.
Average Price
98.150
Total Amount Offered
$2,600,000,000
Amount Allotted to Non-Competitive Applications
$35,881,000
Total Amount Applied
$5,305,196,000
% of Competitive Applications at Cut-off Allotted
96.31%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.04

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