1-Year T-bill BY19102E (26 Jul 2019) Cut-Off Yield 1.78%

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26 Jul 2019

This issue offers investors a cut-off yield of 1.78% p.a., lower than that (1.97% p.a.) of the previous issue, BY19101A (25 Apr 2019).

The total value of applications in this auction was $8.0B, representing a bid-to-cover ratio of 2.97. This is lower than the $8.3B (bid-to-cover ratio 2.96) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.78% get around 82.70% of the amount applied.

Auction Closed

Announcement Date
19 Jul 2019 Notify me
Auction Date
26 Jul 2019 Notify me
Issue Date
31 Jul 2019
Maturity Date
31 Jul 2020
Issue Code
BY19102E
ISIN Code
SGXZ42609545
Cut-Off Yield
1.78% p.a.
Cut-Off Price
98.215
Median Yield
1.76% p.a.
Median Price
98.235
Average Yield
1.64% p.a.
Average Price
98.356
Total Amount Offered
$2,700,000,000
Amount Allotted to Non-Competitive Applications
$40,130,000
Total Amount Applied
$8,022,396,000
% of Competitive Applications at Cut-off Allotted
82.70%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.97

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