1-Year T-bill BY21102A (22 Jul 2021) Cut-Off Yield 0.35%

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22 Jul 2021

This issue offers investors a cut-off yield of 0.35% p.a., lower than that (0.43% p.a.) of the previous issue, BY21101V (15 Apr 2021).

The total value of applications in this auction was $7.7B, representing a bid-to-cover ratio of 2.07. This is lower than the $7.7B (bid-to-cover ratio 2.14) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.35% get around 64.17% of the amount applied.

Auction Closed

Announcement Date
14 Jul 2021 Notify me
Auction Date
22 Jul 2021 Notify me
Issue Date
27 Jul 2021
Maturity Date
26 Jul 2022
Issue Code
BY21102A
ISIN Code
SGXZ79116919
Cut-Off Yield
0.35% p.a.
Cut-Off Price
99.651
Median Yield
0.28% p.a.
Median Price
99.721
Average Yield
0.23% p.a.
Average Price
99.771
Total Amount Offered
$3,700,000,000
Amount Allotted to Non-Competitive Applications
$25,999,000
Total Amount Applied
$7,667,723,000
% of Competitive Applications at Cut-off Allotted
64.17%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.07

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