1-Year T-bill BY20101A (27 Apr 2020) Cut-Off Yield 0.45%

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27 Apr 2020

This issue offers investors a cut-off yield of 0.45% p.a., lower than that (1.44% p.a.) of the previous issue, BY20100V (28 Jan 2020).

The total value of applications in this auction was $8.3B, representing a bid-to-cover ratio of 2.76. This is lower than the $8.8B (bid-to-cover ratio 3.05) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.45% get around 16.57% of the amount applied.

Auction Closed

Announcement Date
20 Apr 2020 Notify me
Auction Date
27 Apr 2020 Notify me
Issue Date
30 Apr 2020
Maturity Date
30 Apr 2021
Issue Code
BY20101A
ISIN Code
SGXZ37529781
Cut-Off Yield
0.45% p.a.
Cut-Off Price
99.550
Median Yield
0.34% p.a.
Median Price
99.660
Average Yield
0.34% p.a.
Average Price
99.660
Total Amount Offered
$3,000,000,000
Amount Allotted to Non-Competitive Applications
$23,251,000
Total Amount Applied
$8,278,774,000
% of Competitive Applications at Cut-off Allotted
16.57%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.76

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