1-Year T-bill BY22103A (13 Oct 2022) Cut-Off Yield 3.72%

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13 Oct 2022

This issue offers investors a cut-off yield of 3.72% p.a., higher than that (3.10% p.a.) of the previous issue, BY22102V (21 Jul 2022).

The total value of applications in this auction was $8.6B, representing a bid-to-cover ratio of 2.32. This is lower than the $8.6B (bid-to-cover ratio 2.33) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 3.72% get around 35.43% of the amount applied.

Auction Closed

Announcement Date
06 Oct 2022 Notify me
Auction Date
13 Oct 2022 Notify me
Issue Date
18 Oct 2022
Maturity Date
17 Oct 2023
Issue Code
BY22103A
ISIN Code
SGXZ18525303
Cut-Off Yield
3.72% p.a.
Cut-Off Price
96.290
Median Yield
3.30% p.a.
Median Price
96.709
Average Yield
3.28% p.a.
Average Price
96.729
Total Amount Offered
$3,700,000,000
Amount Allotted to Non-Competitive Applications
$441,425,000
Total Amount Applied
$8,587,751,000
% of Competitive Applications at Cut-off Allotted
35.43%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.32

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