1-Year T-bill BY22100W (20 Jan 2022) Cut-Off Yield 0.75%

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20 Jan 2022

This issue offers investors a cut-off yield of 0.75% p.a., higher than that (0.60% p.a.) of the previous issue, BY21103E (14 Oct 2021).

The total value of applications in this auction was $5.4B, representing a bid-to-cover ratio of 1.68. This is lower than the $5.8B (bid-to-cover ratio 1.62) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 0.75% get around 49.55% of the amount applied.

Auction Closed

Announcement Date
13 Jan 2022 Notify me
Auction Date
20 Jan 2022 Notify me
Issue Date
25 Jan 2022
Maturity Date
24 Jan 2023
Issue Code
BY22100W
ISIN Code
SGXZ28558039
Cut-Off Yield
0.75% p.a.
Cut-Off Price
99.252
Median Yield
0.61% p.a.
Median Price
99.392
Average Yield
0.54% p.a.
Average Price
99.461
Total Amount Offered
$3,200,000,000
Amount Allotted to Non-Competitive Applications
$25,801,000
Total Amount Applied
$5,383,615,000
% of Competitive Applications at Cut-off Allotted
49.55%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.68

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