6-Month T-bill BS19103N (06 Aug 2019) Cut-Off Yield 1.82%

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06 Aug 2019

This issue offers investors a cut-off yield of 1.82% p.a., lower than that (1.84% p.a.) of the previous issue, BS19102W (25 Jul 2019).

The total value of applications in this auction was $7.1B, representing a bid-to-cover ratio of 2.08. This is lower than the $10.4B (bid-to-cover ratio 2.74) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.82% get around 45.54% of the amount applied.

Auction Closed

Announcement Date
30 Jul 2019 Notify me
Auction Date
06 Aug 2019 Notify me
Issue Date
13 Aug 2019
Maturity Date
11 Feb 2020
Issue Code
BS19103N
ISIN Code
SGXZ72388416
Cut-Off Yield
1.82% p.a.
Cut-Off Price
99.092
Median Yield
1.77% p.a.
Median Price
99.117
Average Yield
1.67% p.a.
Average Price
99.167
Total Amount Offered
$3,400,000,000
Amount Allotted to Non-Competitive Applications
$18,062,000
Total Amount Applied
$7,063,638,000
% of Competitive Applications at Cut-off Allotted
45.54%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.08

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