1-Year T-bill BY19103F (25 Oct 2019) Cut-Off Yield 1.64%

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25 Oct 2019

This issue offers investors a cut-off yield of 1.64% p.a., lower than that (1.78% p.a.) of the previous issue, BY19102E (26 Jul 2019).

The total value of applications in this auction was $7.8B, representing a bid-to-cover ratio of 2.77. This is lower than the $8.0B (bid-to-cover ratio 2.97) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.64% get around 16.88% of the amount applied.

Auction Closed

Announcement Date
18 Oct 2019 Notify me
Auction Date
25 Oct 2019 Notify me
Issue Date
31 Oct 2019
Maturity Date
31 Oct 2020
Issue Code
BY19103F
ISIN Code
SGXZ66623596
Cut-Off Yield
1.64% p.a.
Cut-Off Price
98.356
Median Yield
1.60% p.a.
Median Price
98.396
Average Yield
1.57% p.a.
Average Price
98.426
Total Amount Offered
$2,800,000,000
Amount Allotted to Non-Competitive Applications
$24,285,000
Total Amount Applied
$7,759,649,000
% of Competitive Applications at Cut-off Allotted
16.88%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.77

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