1-Year T-bill BY20102E (27 Jul 2020) Cut-Off Yield 0.31%

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27 Jul 2020

This issue offers investors a cut-off yield of 0.31% p.a., lower than that (0.45% p.a.) of the previous issue, BY20101A (27 Apr 2020).

The total value of applications in this auction was $6.5B, representing a bid-to-cover ratio of 2.24. This is lower than the $8.3B (bid-to-cover ratio 2.76) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.31% get around 75.14% of the amount applied.

Auction Closed

Announcement Date
20 Jul 2020 Notify me
Auction Date
27 Jul 2020 Notify me
Issue Date
30 Jul 2020
Maturity Date
30 Jul 2021
Issue Code
BY20102E
ISIN Code
SGXZ68557743
Cut-Off Yield
0.31% p.a.
Cut-Off Price
99.690
Median Yield
0.27% p.a.
Median Price
99.730
Average Yield
0.25% p.a.
Average Price
99.750
Total Amount Offered
$2,900,000,000
Amount Allotted to Non-Competitive Applications
$25,620,000
Total Amount Applied
$6,507,618,000
% of Competitive Applications at Cut-off Allotted
75.14%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.24

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