1-Year T-bill BY20100V (28 Jan 2020) Cut-Off Yield 1.44%

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28 Jan 2020

This issue offers investors a cut-off yield of 1.44% p.a., lower than that (1.64% p.a.) of the previous issue, BY19103F (25 Oct 2019).

The total value of applications in this auction was $8.8B, representing a bid-to-cover ratio of 3.05. This is higher than the $7.8B (bid-to-cover ratio 2.77) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.44% get around 87.85% of the amount applied.

Auction Closed

Announcement Date
20 Jan 2020 Notify me
Auction Date
28 Jan 2020 Notify me
Issue Date
31 Jan 2020
Maturity Date
29 Jan 2021
Issue Code
BY20100V
ISIN Code
SGXZ46656534
Cut-Off Yield
1.44% p.a.
Cut-Off Price
98.564
Median Yield
1.40% p.a.
Median Price
98.604
Average Yield
1.34% p.a.
Average Price
98.664
Total Amount Offered
$2,900,000,000
Amount Allotted to Non-Competitive Applications
$32,587,000
Total Amount Applied
$8,832,722,000
% of Competitive Applications at Cut-off Allotted
87.85%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
3.05

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