1-Year T-bill BY21101V (15 Apr 2021) Cut-Off Yield 0.43%

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15 Apr 2021

This issue offers investors a cut-off yield of 0.43% p.a., higher than that (0.38% p.a.) of the previous issue, BY21100N (21 Jan 2021).

The total value of applications in this auction was $7.7B, representing a bid-to-cover ratio of 2.14. This is higher than the $5.9B (bid-to-cover ratio 2.02) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.43% get around 67.96% of the amount applied.

Auction Closed

Announcement Date
08 Apr 2021 Notify me
Auction Date
15 Apr 2021 Notify me
Issue Date
20 Apr 2021
Maturity Date
19 Apr 2022
Issue Code
BY21101V
ISIN Code
SGXZ25214321
Cut-Off Yield
0.43% p.a.
Cut-Off Price
99.571
Median Yield
0.38% p.a.
Median Price
99.621
Average Yield
0.34% p.a.
Average Price
99.661
Total Amount Offered
$3,600,000,000
Amount Allotted to Non-Competitive Applications
$15,612,000
Total Amount Applied
$7,694,226,000
% of Competitive Applications at Cut-off Allotted
67.96%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.14

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