1-Year T-bill BY19101A (25 Apr 2019) Cut-Off Yield 1.97%

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25 Apr 2019

This issue offers investors a cut-off yield of 1.97% p.a., lower than that (2.06% p.a.) of the previous issue, BY19100V (28 Jan 2019).

The total value of applications in this auction was $8.3B, representing a bid-to-cover ratio of 2.96. This is higher than the $5.5B (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 1.97% get around 21.45% of the amount applied.

Auction Closed

Announcement Date
17 Apr 2019 Notify me
Auction Date
25 Apr 2019 Notify me
Issue Date
30 Apr 2019
Maturity Date
30 Apr 2020
Issue Code
BY19101A
ISIN Code
SGXZ77243681
Cut-Off Yield
1.97% p.a.
Cut-Off Price
98.025
Median Yield
1.90% p.a.
Median Price
98.095
Average Yield
1.61% p.a.
Average Price
98.386
Total Amount Offered
$2,800,000,000
Amount Allotted to Non-Competitive Applications
$46,973,000
Total Amount Applied
$8,277,384,000
% of Competitive Applications at Cut-off Allotted
21.45%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.96

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