1-Year T-bill BY20103F (27 Oct 2020) Cut-Off Yield 0.28%

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27 Oct 2020

This issue offers investors a cut-off yield of 0.28% p.a., lower than that (0.31% p.a.) of the previous issue, BY20102E (27 Jul 2020).

The total value of applications in this auction was $6.1B, representing a bid-to-cover ratio of 2.03. This is lower than the $6.5B (bid-to-cover ratio 2.24) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.28% get around 49.97% of the amount applied.

Auction Closed

Announcement Date
20 Oct 2020 Notify me
Auction Date
27 Oct 2020 Notify me
Issue Date
30 Oct 2020
Maturity Date
29 Oct 2021
Issue Code
BY20103F
ISIN Code
SGXZ17939307
Cut-Off Yield
0.28% p.a.
Cut-Off Price
99.721
Median Yield
0.24% p.a.
Median Price
99.761
Average Yield
0.22% p.a.
Average Price
99.781
Total Amount Offered
$3,000,000,000
Amount Allotted to Non-Competitive Applications
$17,576,000
Total Amount Applied
$6,083,078,000
% of Competitive Applications at Cut-off Allotted
49.97%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.03

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