1-Year T-bill BY21100N (21 Jan 2021) Cut-Off Yield 0.38%

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21 Jan 2021

This issue offers investors a cut-off yield of 0.38% p.a., higher than that (0.28% p.a.) of the previous issue, BY20103F (27 Oct 2020).

The total value of applications in this auction was $5.9B, representing a bid-to-cover ratio of 2.02. This is lower than the $6.1B (bid-to-cover ratio 2.03) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.38% get around 10.57% of the amount applied.

Auction Closed

Announcement Date
14 Jan 2021 Notify me
Auction Date
21 Jan 2021 Notify me
Issue Date
26 Jan 2021
Maturity Date
25 Jan 2022
Issue Code
BY21100N
ISIN Code
SGXZ97422869
Cut-Off Yield
0.38% p.a.
Cut-Off Price
99.621
Median Yield
0.31% p.a.
Median Price
99.691
Average Yield
0.28% p.a.
Average Price
99.721
Total Amount Offered
$2,900,000,000
Amount Allotted to Non-Competitive Applications
$25,866,000
Total Amount Applied
$5,850,178,000
% of Competitive Applications at Cut-off Allotted
10.57%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.02

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