1-Year T-bill BY22101N (13 Apr 2022) Cut-Off Yield 2.00%

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13 Apr 2022

This issue offers investors a cut-off yield of 2.00% p.a., higher than that (0.75% p.a.) of the previous issue, BY22100W (20 Jan 2022).

The total value of applications in this auction was $5.5B, representing a bid-to-cover ratio of 1.45. This is higher than the $5.4B (bid-to-cover ratio 1.68) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 2.00% get around 47.35% of the amount applied.

Auction Closed

Announcement Date
06 Apr 2022 Notify me
Auction Date
13 Apr 2022 Notify me
Issue Date
19 Apr 2022
Maturity Date
18 Apr 2023
Issue Code
BY22101N
ISIN Code
SGXZ45308236
Cut-Off Yield
2.00% p.a.
Cut-Off Price
98.005
Median Yield
1.58% p.a.
Median Price
98.424
Average Yield
1.49% p.a.
Average Price
98.514
Total Amount Offered
$3,800,000,000
Amount Allotted to Non-Competitive Applications
$4,197,000
Total Amount Applied
$5,519,839,000
% of Competitive Applications at Cut-off Allotted
47.35%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
1.45

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